BNP Paribas Financial Markets Increases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

BNP Paribas Financial Markets grew its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 480.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,883 shares of the company's stock after purchasing an additional 81,848 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of American Healthcare REIT worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AHR. Vanguard Group Inc. grew its position in American Healthcare REIT by 94.8% during the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after buying an additional 7,474,374 shares during the period. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after purchasing an additional 2,750,137 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after purchasing an additional 1,172,670 shares during the period. Prudential Financial Inc. grew its holdings in American Healthcare REIT by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock valued at $100,072,000 after purchasing an additional 422,869 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after buying an additional 237,139 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded down $0.89 during mid-day trading on Wednesday, reaching $34.39. 277,354 shares of the company were exchanged, compared to its average volume of 1,838,866. American Healthcare REIT, Inc. has a 52 week low of $13.67 and a 52 week high of $35.97. The company's 50 day moving average price is $31.04 and its 200 day moving average price is $29.22. The stock has a market capitalization of $5.49 billion, a PE ratio of -72.05, a PEG ratio of 1.57 and a beta of 1.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 yield of 2.91%. American Healthcare REIT's payout ratio is -370.37%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AHR. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target for the company. KeyCorp decreased their price objective on 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 reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $35.00.

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.