Allspring Global Investments Holdings LLC Invests $1.51 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Allspring Global Investments Holdings LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 49,805 shares of the company's stock, valued at approximately $1,509,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at approximately $476,000. Pure Financial Advisors LLC grew its stake in shares of American Healthcare REIT by 8.1% in the 1st quarter. Pure Financial Advisors LLC now owns 9,245 shares of the company's stock valued at $280,000 after purchasing an additional 690 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of American Healthcare REIT by 40.9% in the 1st quarter. Perigon Wealth Management LLC now owns 32,563 shares of the company's stock valued at $987,000 after purchasing an additional 9,449 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of American Healthcare REIT by 66.3% in the 1st quarter. Golden State Wealth Management LLC now owns 20,654 shares of the company's stock valued at $626,000 after purchasing an additional 8,236 shares during the last quarter. Finally, Aurora Private Wealth Inc. purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at approximately $1,866,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on AHR. Morgan Stanley lifted their target price 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. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research note 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 price target on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Truist Financial lifted their price target 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, American Healthcare REIT currently has an average rating of "Buy" and an average target price of $37.75.

Insider Buying and Selling

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.92% of the company's stock.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded up $0.41 during trading on Friday, reaching $36.62. The company had a trading volume of 1,423,634 shares, compared to its average volume of 1,894,337. American Healthcare REIT, Inc. has a twelve month low of $14.79 and a twelve month high of $37.53. The stock has a market capitalization of $5.84 billion, a PE ratio of -135.62, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. The stock has a 50-day moving average price of $35.25 and a two-hundred day moving average price of $31.25. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.73%. 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.