Bamco Inc. NY Purchases New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Bamco Inc. NY bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 188,959 shares of the company's stock, valued at approximately $5,370,000. Bamco Inc. NY owned approximately 0.12% of American Healthcare REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AHR. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after acquiring an additional 504 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. Carolina Wealth Advisors LLC purchased a new stake in American Healthcare REIT during the 4th quarter valued at $29,000. Richardson Capital Management LLC bought a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $29,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of American Healthcare REIT during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Trading Up 8.5 %

Shares of NYSE:AHR traded up $2.73 on Friday, hitting $34.94. 2,431,093 shares of the company's stock were exchanged, compared to its average volume of 1,814,925. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The business's 50 day simple moving average is $30.20 and its two-hundred day simple moving average is $28.79. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -72.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $35.10.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same period in the previous year, the company posted $0.30 earnings per share. American Healthcare REIT's revenue for the quarter was up 8.2% on a year-over-year basis. Analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. American Healthcare REIT's payout ratio is -370.37%.

Wall Street Analyst Weigh In

AHR has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp cut their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus price target of $33.86.

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.