Algert Global LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Algert Global LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 131,314 shares of the company's stock, valued at approximately $3,732,000. Algert Global LLC owned 0.09% of American Healthcare REIT at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Diversify Advisory Services LLC grew its holdings in American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after acquiring an additional 436 shares during the period. GAMMA Investing LLC grew its holdings in shares of American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in American Healthcare REIT by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock valued at $395,000 after buying an additional 533 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of American Healthcare REIT by 14.4% in the 4th quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after buying an additional 591 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its position in American Healthcare REIT by 8.0% in the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley boosted their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. KeyCorp reduced their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Trading Down 1.1%

Shares of NYSE AHR traded down $0.37 during midday trading on Monday, hitting $34.56. 382,709 shares of the company traded hands, compared to its average volume of 1,664,614. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 12-month low of $13.67 and a 12-month high of $35.10. The firm has a market cap of $5.45 billion, a P/E ratio of -72.15, a P/E/G ratio of 1.57 and a beta of 1.40. The stock has a 50-day moving average price of $30.20 and a 200 day moving average price of $28.81.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business 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 business's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

About American Healthcare REIT

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.