Envestnet Portfolio Solutions Inc. Makes New $207,000 Investment in American Healthcare REIT, Inc. $AHR

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,625 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC raised its stake in American Healthcare REIT by 42.2% in the first quarter. GAMMA Investing LLC now owns 1,405 shares of the company’s stock valued at $43,000 after purchasing an additional 417 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of American Healthcare REIT by 25.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,493 shares of the company’s stock worth $530,000 after buying an additional 3,578 shares during the last quarter. Continuum Advisory LLC bought a new position in shares of American Healthcare REIT in the 1st quarter worth $37,000. Asset Management One Co. Ltd. raised its position in shares of American Healthcare REIT by 1.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 234,521 shares of the company’s stock valued at $7,106,000 after buying an additional 2,649 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of American Healthcare REIT by 66.3% during the 1st quarter. Golden State Wealth Management LLC now owns 20,654 shares of the company’s stock valued at $626,000 after buying an additional 8,236 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AHR. Weiss Ratings reissued a “hold (c)” rating on shares of American Healthcare REIT in a research note on Friday. Royal Bank Of Canada upped their price objective on American Healthcare REIT from $39.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Baird R W upgraded American Healthcare REIT to a “strong-buy” rating in a research report on Thursday, July 17th. Morgan Stanley restated an “overweight” rating on shares of American Healthcare REIT in a research report on Wednesday, September 3rd. Finally, Scotiabank reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Two investment analysts have 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. According to data from MarketBeat.com, American Healthcare REIT has a consensus rating of “Buy” and an average price target of $45.00.

American Healthcare REIT Trading Up 1.8%

NYSE AHR opened at $44.28 on Friday. American Healthcare REIT, Inc. has a 1-year low of $24.21 and a 1-year high of $44.59. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $42.19 and a 200-day moving average of $37.58. The firm has a market cap of $7.46 billion, a PE ratio of -201.25, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98.

American Healthcare REIT (NYSE:AHR) last posted 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 return on equity of 1.43% and a negative net margin of 1.56%.The business had revenue of $542.50 million for the quarter, compared to analyst estimates of $539.49 million. During the same period last year, the company earned $0.33 EPS. American Healthcare REIT’s revenue for the quarter 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. As a group, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Tuesday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio is currently -454.55%.

Insiders Place Their Bets

In other American Healthcare REIT news, EVP Mark E. Foster sold 3,850 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were 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 $2,475,699. This trade represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by insiders.

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.