Knights of Columbus Asset Advisors LLC Acquires New Stake in American Healthcare REIT, Inc. $AHR

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the second quarter, HoldingsChannel reports. The institutional investor purchased 104,288 shares of the company’s stock, valued at approximately $3,832,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 22.1% during the second quarter. GAMMA Investing LLC now owns 1,716 shares of the company’s stock valued at $63,000 after buying an additional 311 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in American Healthcare REIT by 1.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,300 shares of the company’s stock worth $1,086,000 after buying an additional 393 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of American Healthcare REIT by 3.2% in the first quarter. Benjamin Edwards Inc. now owns 14,368 shares of the company’s stock worth $435,000 after buying an additional 444 shares during the period. Xponance Inc. lifted its position in shares of American Healthcare REIT by 4.3% during the 1st quarter. Xponance Inc. now owns 11,489 shares of the company’s stock valued at $348,000 after buying an additional 470 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of American Healthcare REIT by 2.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 22,663 shares of the company’s stock valued at $687,000 after acquiring an additional 543 shares during the period. Institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AHR shares. JMP Securities lifted their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Healthcare REIT in a report on Saturday, September 27th. Royal Bank Of Canada raised their price target on American Healthcare REIT from $39.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. UBS Group began coverage on American Healthcare REIT in a research note on Friday, September 19th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Robert W. Baird assumed coverage on American Healthcare REIT in a research note on Friday, July 18th. They set an “outperform” rating and a $41.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $44.11.

Insider Activity

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 stock was sold at an average price of $41.89, for a total value 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. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

American Healthcare REIT Trading Down 1.1%

AHR stock opened at $40.89 on Monday. The firm has a fifty day moving average price of $41.43 and a 200 day moving average price of $36.40. American Healthcare REIT, Inc. has a fifty-two week low of $23.66 and a fifty-two week high of $43.52. The firm has a market cap of $6.89 billion, a PE ratio of -185.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $542.50 million during the quarter, compared to analysts’ expectations of $539.49 million. During the same period last year, the company posted $0.33 EPS. The business’s revenue was up 7.5% on a year-over-year basis. American Healthcare REIT has set its FY 2025 guidance at 1.640-1.680 EPS. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

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

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.