DAVENPORT & Co LLC Makes New Investment in American Healthcare REIT, Inc. $AHR

DAVENPORT & Co LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,674 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new stake in American Healthcare REIT during the first quarter worth about $25,000. Spirit of America Management Corp NY acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $30,000. Physician Wealth Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $34,000. Avalon Trust Co acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $36,000. Finally, Continuum Advisory LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $37,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research note on Wednesday, October 8th. Baird R W upgraded shares of American Healthcare REIT to a “strong-buy” rating in a research note on Thursday, July 17th. Scotiabank restated an “outperform” rating on shares of American Healthcare REIT in a research note on Thursday, August 28th. Morgan Stanley restated an “overweight” rating on shares of American Healthcare REIT in a research note on Wednesday, September 3rd. Finally, JMP Securities raised their price objective on shares of American Healthcare REIT from $40.00 to $45.00 and gave the company a “market outperform” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Buy” and a consensus price target of $44.11.

Insider Activity at American Healthcare REIT

In other news, EVP Mark E. Foster sold 3,850 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $41.89, for a total transaction of $161,276.50. Following the completion of the sale, the executive vice president owned 59,100 shares of the company’s stock, valued at $2,475,699. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

American Healthcare REIT Stock Up 1.8%

American Healthcare REIT stock opened at $41.28 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.48 and a current ratio of 0.48. American Healthcare REIT, Inc. has a 52-week low of $24.21 and a 52-week high of $43.52. The firm has a 50 day moving average price of $41.72 and a two-hundred day moving average price of $36.84. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of -187.63, a PEG ratio of 2.08 and a beta of 0.98.

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

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. American Healthcare REIT’s dividend payout ratio (DPR) is -454.55%.

About American Healthcare REIT

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.