RFG Advisory LLC Sells 3,553 Shares of American Healthcare REIT, Inc. $AHR

RFG Advisory LLC lessened its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,402 shares of the company’s stock after selling 3,553 shares during the period. RFG Advisory LLC’s holdings in American Healthcare REIT were worth $382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $25,000. Physician Wealth Advisors Inc. bought a new position in American Healthcare REIT in the 2nd quarter valued at $34,000. Spirit of America Management Corp NY bought a new position in American Healthcare REIT in the 1st quarter valued at $30,000. Avalon Trust Co bought a new position in American Healthcare REIT in the 1st quarter valued at $36,000. Finally, Continuum Advisory LLC bought a new position in American Healthcare REIT in the 1st quarter valued at $37,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 2.0%

NYSE AHR opened at $43.34 on Friday. The stock has a fifty day moving average of $41.92 and a 200-day moving average of $37.13. The stock has a market capitalization of $7.31 billion, a P/E ratio of -196.99, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. American Healthcare REIT, Inc. has a 52 week low of $24.21 and a 52 week high of $43.52. 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 (NYSE:AHR) last released its earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $542.50 million during the quarter, compared to analysts’ expectations of $539.49 million. American Healthcare REIT had a negative return on equity of 1.43% and a negative net margin of 1.56%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. On average, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 30th. American Healthcare REIT’s dividend payout ratio (DPR) is -454.55%.

Insider Activity at American Healthcare REIT

In related news, EVP Mark E. Foster sold 3,850 shares of American Healthcare REIT stock in a transaction on Wednesday, September 3rd. The stock was 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 directly owned 59,100 shares of the company’s stock, valued at $2,475,699. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AHR has been the subject of several research analyst reports. JMP Securities lifted their price objective on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research report on Friday. KeyCorp lifted their price objective on American Healthcare REIT from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Scotiabank reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Thursday, August 28th. Robert W. Baird initiated coverage on American Healthcare REIT in a research report on Friday, July 18th. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, Truist Financial lifted their price objective on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, American Healthcare REIT presently has an average rating of “Buy” and an average price target of $45.00.

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.