Cetera Investment Advisers Raises Position in American Healthcare REIT, Inc. (NYSE:AHR)

Cetera Investment Advisers lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 149.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,051 shares of the company's stock after buying an additional 118,743 shares during the period. Cetera Investment Advisers owned approximately 0.13% of American Healthcare REIT worth $5,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AHR. BROOKFIELD Corp ON boosted its holdings in American Healthcare REIT by 10.0% in the fourth quarter. BROOKFIELD Corp ON now owns 483,708 shares of the company's stock valued at $13,747,000 after purchasing an additional 44,110 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in American Healthcare REIT in the fourth quarter valued at $2,172,000. Balyasny Asset Management L.P. purchased a new stake in American Healthcare REIT in the fourth quarter valued at $7,743,000. Bamco Inc. NY purchased a new stake in American Healthcare REIT in the fourth quarter valued at $5,370,000. Finally, Bank of America Corp DE boosted its holdings in American Healthcare REIT by 11.7% in the fourth quarter. Bank of America Corp DE now owns 1,078,050 shares of the company's stock valued at $30,638,000 after purchasing an additional 113,006 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AHR shares. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp lowered their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $33.86.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded down $0.27 during trading hours on Monday, reaching $35.24. The stock had a trading volume of 1,629,195 shares, compared to its average volume of 1,836,964. The stock's 50 day moving average is $30.91 and its 200 day moving average is $29.17. The firm has a market capitalization of $5.62 billion, a PE ratio of -73.42, a PEG ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a twelve month low of $13.67 and a twelve month high of $35.57. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly 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. The firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. Equities analysts expect 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

American Healthcare REIT Company 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.