A&I Financial Services LLC Invests $212,000 in American Healthcare REIT, Inc. (NYSE:AHR)

A&I Financial Services LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,985 shares of the company's stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in American Healthcare REIT by 37.8% during the 1st quarter. New York State Common Retirement Fund now owns 47,000 shares of the company's stock worth $1,424,000 after purchasing an additional 12,900 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of American Healthcare REIT in the first quarter valued at approximately $293,000. Rik Saylor Financial Inc. grew its holdings in shares of American Healthcare REIT by 11.8% in the first quarter. Rik Saylor Financial Inc. now owns 44,685 shares of the company's stock valued at $1,354,000 after acquiring an additional 4,732 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of American Healthcare REIT by 23.9% in the first quarter. Diversify Wealth Management LLC now owns 27,480 shares of the company's stock valued at $878,000 after acquiring an additional 5,305 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of American Healthcare REIT by 4.3% in the first quarter. Xponance Inc. now owns 11,489 shares of the company's stock valued at $348,000 after acquiring an additional 470 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AHR shares. Morgan Stanley upped their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. KeyCorp upped their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Jefferies Financial Group assumed 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. Scotiabank assumed coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 target price on the stock. Finally, Truist Financial increased their target price on American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $37.75.

Insider Buying and Selling at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

American Healthcare REIT Stock Up 2.6%

Shares of AHR stock traded up $0.95 during trading hours on Monday, hitting $37.60. 820,779 shares of the company's stock traded hands, compared to its average volume of 1,900,291. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of -139.24, a PEG ratio of 2.06 and a beta of 1.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock's fifty day simple moving average is $35.25 and its two-hundred day simple moving average is $31.28. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $38.91.

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, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The business had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same quarter last year, the company posted $0.30 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

American Healthcare REIT 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.