Meeder Asset Management Inc. Invests $97,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Meeder Asset Management Inc. bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,209 shares of the company’s stock, valued at approximately $97,000.

Several other hedge funds also recently made changes to their positions in the business. Wolff Wiese Magana LLC bought a new position in American Healthcare REIT in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after buying an additional 633 shares during the period. Spirit of America Management Corp NY bought a new position in American Healthcare REIT in the 1st quarter valued at about $30,000. Continuum Advisory LLC bought a new position in American Healthcare REIT in the 1st quarter valued at about $37,000. Finally, Tsfg LLC bought a new position in American Healthcare REIT in the 1st quarter valued at about $41,000. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp raised their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. Truist Financial lifted their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 9th. Robert W. Baird initiated coverage on shares of American Healthcare REIT in a report on Friday, July 18th. They set an “outperform” rating and a $41.00 price target on the stock. Finally, Baird R W raised shares of American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $38.11.

Insiders Place Their Bets

In other news, CIO Stefan K.L. Oh sold 3,860 shares of American Healthcare REIT stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.

American Healthcare REIT Price Performance

AHR stock opened at $37.93 on Thursday. The company has a fifty day moving average price of $36.16 and a 200-day moving average price of $32.10. The company has a market capitalization of $6.05 billion, a P/E ratio of -140.48, a PEG ratio of 2.14 and a beta of 1.09. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $39.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

American Healthcare REIT Company 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.