Park Avenue Securities LLC Takes Position in American Healthcare REIT, Inc. $AHR

Park Avenue Securities LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,642 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $25,000. Physician Wealth Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $34,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 633 shares during the last quarter. Spirit of America Management Corp NY bought a new position in shares of American Healthcare REIT in the 1st quarter worth $30,000. Finally, Avalon Trust Co bought a new position in shares of American Healthcare REIT in the 1st quarter worth $36,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

AHR opened at $42.04 on Wednesday. The business’s 50-day moving average price is $41.22 and its two-hundred day moving average price is $36.11. American Healthcare REIT, Inc. has a 1 year low of $23.66 and a 1 year high of $43.52. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -191.09, a P/E/G ratio of 2.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.48.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $542.50 million for the quarter, compared to the consensus estimate of $539.49 million. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.American Healthcare REIT’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. American Healthcare REIT’s payout ratio is currently -454.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. KeyCorp raised their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. Royal Bank Of Canada raised their price target on American Healthcare REIT from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Truist Financial raised their price target on American Healthcare REIT from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Robert W. Baird started coverage on American Healthcare REIT in a report on Friday, July 18th. They set an “outperform” rating and a $41.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $44.11.

Insider Activity

In related news, EVP Mark E. Foster sold 3,850 shares of American Healthcare REIT stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at approximately $2,475,699. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

American Healthcare REIT Profile

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.