20,394 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,394 shares of the company's stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AHR. Vanguard Group Inc. raised its stake in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. raised its stake in 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 acquiring an additional 2,750,137 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth $33,838,000. Geode Capital Management LLC raised its stake in American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after acquiring an additional 1,172,670 shares in the last quarter. Finally, Northern Trust Corp raised its stake in American Healthcare REIT by 99.0% during the 4th quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after acquiring an additional 861,882 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $0.51 on Friday, reaching $35.49. 3,286,055 shares of the stock were exchanged, compared to its average volume of 1,832,566. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $35.51. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $30.78 and a two-hundred day moving average price of $29.08. The firm has a market capitalization of $5.59 billion, a PE ratio of -73.94, a PEG ratio of 1.57 and a beta of 1.40.

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 (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $542.32 million. During the same period in the previous year, the business posted $0.30 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AHR shares. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp cut 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 research note on Monday, March 31st. Jefferies Financial Group started coverage on shares of 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. Finally, Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of "Buy" and a consensus price target of $33.86.

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.