Group 1: M/I Homes, Inc. (MHO) - M/I Homes has a Zacks Rank 1 and a 7.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The company's shares gained 34.8% over the last three months, outperforming the S&P 500's 5.1% increase [1] - M/I Homes possesses a Momentum Score of A [1] Group 2: Ferrari N.V. (RACE) - Ferrari has a Zacks Rank 1 and a 6.9% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The company's shares gained 17.1% over the last three months, also outperforming the S&P 500's 5.1% increase [2] - Ferrari possesses a Momentum Score of B [2] Group 3: American Healthcare REIT, Inc. (AHR) - American Healthcare REIT has a Zacks Rank 1 and a 9.2% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - The company's shares gained 79.1% over the last three months, significantly outperforming the S&P 500's 5.1% increase [3] - American Healthcare possesses a Momentum Score of A [3]

American Healthcare REIT (AHR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a c ...

Core Insights - American Healthcare REIT, Inc. has acquired the remaining 24% minority membership interest in Trilogy REIT Holdings, LLC for approximately $258 million, making it the sole owner of Trilogy Holdings and its Integrated Senior Health Campuses [1][2] - The acquisition was funded through net proceeds from a recent equity offering, which also allowed the company to repay about $194 million of outstanding debt [1][2] - Following the acquisition, the ISHC segment is projected to account for approximately 55.3% of the company's total portfolio cash net operating income for the three months ended June 30, 2024 [1] Transaction Details - The purchase price for the 24% minority interest included a base price of $247 million and an additional pro-rata distribution of approximately $11 million [1] - The acquisition was completed on September 20, 2024, coinciding with the closing of the equity offering [1] Company Overview - American Healthcare REIT, Inc. is a self-managed real estate investment trust focused on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, including outpatient medical buildings, senior housing, and skilled nursing facilities [3] - The company's properties are located in the United States, the United Kingdom, and the Isle of Man [3]

Group 1: AngloGold Ashanti Limited (AU) - AngloGold Ashanti has a Zacks Rank 1 and its current year earnings estimate increased by 12.7% over the last 60 days [1] - The company's shares gained 17.4% over the last three months, outperforming the S&P 500's advance of 5% [1] - AngloGold Ashanti possesses a Momentum Score of A [1] Group 2: American Healthcare REIT, Inc. (AHR) - American Healthcare REIT has a Zacks Rank 1 and its current year earnings estimate increased by 7.5% over the last 60 days [2] - The company's shares gained 72.3% over the last three months, significantly outperforming the S&P 500's advance of 5% [2] - American Healthcare possesses a Momentum Score of A [2] Group 3: Howmet Aerospace Inc. (HWM) - Howmet Aerospace has a Zacks Rank 1 and its current year earnings estimate increased by 8.4% over the last 60 days [3] - The company's shares gained 23.9% over the last three months, compared to the S&P 500's advance of 5% [3] - Howmet Aerospace possesses a Momentum Score of B [3]

Group 1 - Opera Limited (OPRA) has seen a 12.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Southside Bancshares, Inc. (SBSI) has experienced a 9.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - AngloGold Ashanti Limited (AU) has reported a 12.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - American Healthcare REIT, Inc. (AHR) has seen a 7.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - LSI Industries Inc. (LYTS) has experienced a 10% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Analyst's Disclosure: I/we have a beneficial long position in the shares of RIET, HOMZ, IRET, ALL HOLDINGS IN THE IREIT+HOYA PORTFOLIOS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Hoya Capital Research & Index Innovations ("Hoya Capital") is an affiliate of Hoya Capi ...

Core Insights - The REIT sector experienced a fourth consecutive month of gains in August 2024, with an average total return of +2.11%, although it underperformed the S&P 500 which had a return of +2.4% [2][3] - Large cap REITs significantly outperformed small cap REITs, with a widening spread in 2024 FFO multiples, where investors are paying 41% more for large cap REITs [2][23] - 72.22% of REIT property types yielded positive total returns in August, with self-storage being the top performer at +9.34% [4][5] REIT Performance Overview - The average total return for different market capitalizations in August 2024 was as follows: Large Cap (+5.27%), Mid Cap (+3.51%), Small Cap (+0.84%), and Micro Cap (-3.03%) [3] - Year-to-date performance through August 2024 showed that large cap REITs outperformed small caps by 593 basis points [3] Year-to-Date Performance - Year-to-date total returns through August 2024 for various property types included: Data Centers (+26.25%), Advertising (+23.17%), and Health Care (+18.13%) [4][7] - Timber and Hotels were the worst performing property types year-to-date, with returns of -9.33% and -6.46% respectively [7] FFO Multiples and Valuation - The average P/FFO for the REIT sector increased from 14.2x to 15.0x in August 2024, with 83.3% of property types experiencing multiple expansion [7][23] - Data Centers, Land, Multifamily, Manufactured Housing, and Single Family Housing currently trade at the highest average multiples among REIT property types [7] Individual Securities Performance - American Healthcare REIT (AHR) led all REITs in August with a return of +29.36%, while Wheeler REIT (WHLR) faced a significant decline of -75.88% [9] - 68.39% of REITs had a positive total return in August, contrasting with a mere +0.56% return for the average REIT in the first eight months of 2023 [9] Dividend Yield Insights - High dividend yields remain a key attraction for investors in the REIT sector, with many REITs trading below their NAV, leading to attractive yield opportunities [11] - The highest dividend yield as of August 31, 2024, was 17.2% for Creative Media & Community Trust [12] NAV Premium/Discount Analysis - Large cap REITs trade at a premium to NAV (+3.80%), while small and micro cap REITs trade at discounts of -17.10% and -30.35% respectively [25] - The average REIT across all market caps trades at a discount of -6.51% to NAV [25]

Core Viewpoint - American Healthcare REIT, Inc. has announced a public offering of 17,400,000 shares of common stock priced at $23.55 per share, with an option for underwriters to purchase an additional 2,610,000 shares [1][2]. Group 1: Offering Details - The net proceeds from the offering will be used to acquire a 24% minority membership interest in Trilogy Holdings, LLC and to repay certain outstanding debt [2]. - The offering is expected to close on September 20, 2024, subject to customary closing conditions [2]. Group 2: Underwriters - BofA Securities, Morgan Stanley, and KeyBanc Capital Markets are acting as joint book-running managers for the offering [3]. - Citigroup, RBC Capital Markets, Truist Securities, and Barclays are serving as book-running managers, while Citizens JMP, Fifth Third Securities, Regions Securities LLC, and Credit Agricole CIB are co-managers [3]. Group 3: Company Overview - American Healthcare REIT, Inc. is a self-managed REIT that focuses on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, including outpatient medical buildings, senior housing, and skilled nursing facilities [6].

Core Viewpoint - American Healthcare REIT, Inc. has initiated an underwritten public offering of 14,500,000 shares of its common stock, with an option for underwriters to purchase an additional 2,175,000 shares [1][2]. Group 1: Offering Details - The net proceeds from the offering are intended to be used for acquiring a 24% minority membership interest in Trilogy Holdings, LLC from a joint venture partner and to repay certain outstanding debt under its lines of credit [2]. - The offering is being conducted under the Company's effective shelf registration statement filed with the SEC, and a preliminary prospectus supplement will be filed [3]. Group 2: Company Overview - American Healthcare REIT, Inc. is a self-managed REIT that focuses on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties, including outpatient medical buildings, senior housing, and skilled nursing facilities [5].

Core Points - American Healthcare REIT, Inc. declared a quarterly distribution of $0.25 per share for the quarter ending September 30, 2024, payable on or about October 18, 2024 [1] - The record date for the distribution is September 20, 2024 [1] Company Overview - American Healthcare REIT, Inc. is a self-managed real estate investment trust that focuses on acquiring, owning, and operating a diversified portfolio of clinical healthcare real estate properties [2] - The company primarily targets outpatient medical buildings, senior housing, skilled nursing facilities, and other healthcare-related facilities [2] - Its properties are located in the United States, the United Kingdom, and the Isle of Man [2]