C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys New Shares in American Healthcare REIT, Inc. $AHR

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, Holdings Channel reports. The firm bought 7,623 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. purchased a new position in American Healthcare REIT during the second quarter valued at $34,000. Avalon Trust Co purchased a new position in American Healthcare REIT during the first quarter valued at $36,000. GAMMA Investing LLC lifted its position in American Healthcare REIT by 42.2% during 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. Meeder Asset Management Inc. purchased a new position in American Healthcare REIT during the first quarter valued at $97,000. Finally, Grove Bank & Trust purchased a new position in American Healthcare REIT during the second quarter valued at $130,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 0.2%

Shares of AHR stock opened at $45.40 on Monday. American Healthcare REIT, Inc. has a 12-month low of $24.21 and a 12-month high of $45.87. 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’s 50-day moving average price is $42.50 and its 200-day moving average price is $38.30. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of -206.34, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98.

American Healthcare REIT (NYSE:AHR) last issued its 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 firm had revenue of $542.50 million for the quarter, compared to analysts’ expectations of $539.49 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’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 research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 30th. American Healthcare REIT’s payout ratio is -454.55%.

Insider Activity

In other news, EVP Mark E. Foster sold 3,850 shares of American Healthcare REIT stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $41.89, for a total value of $161,276.50. Following the sale, the executive vice president directly owned 59,100 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JMP Securities raised their price target on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a report on Friday, October 17th. KeyCorp raised their price target on American Healthcare REIT from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating on shares of American Healthcare REIT in a report on Wednesday, September 3rd. Robert W. Baird assumed coverage on 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, Truist Financial raised their price target on American Healthcare REIT from $44.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Buy” and a consensus target price of $45.00.

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.