J.W. Cole Advisors Inc. Increases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

J.W. Cole Advisors Inc. grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 164.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 96,936 shares of the company's stock after acquiring an additional 60,222 shares during the period. J.W. Cole Advisors Inc. owned about 0.06% of American Healthcare REIT worth $2,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after buying an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. grew its position in American Healthcare REIT by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock valued at $374,923,000 after purchasing an additional 134,822 shares during the last quarter. Deutsche Bank AG grew its position in American Healthcare REIT by 2.3% during the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after purchasing an additional 94,925 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $105,171,000 after purchasing an additional 1,172,670 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in American Healthcare REIT by 13.6% during the 4th 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 last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

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 stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company's stock.

American Healthcare REIT Stock Performance

NYSE AHR traded down $0.27 on Friday, hitting $37.60. 131,950 shares of the company traded hands, compared to its average volume of 1,651,262. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $38.47. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of -139.24, a P/E/G ratio of 2.14 and a beta of 1.09. The business's 50 day moving average price is $35.96 and its 200-day moving average price is $31.83.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted 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. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The firm had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same period in the previous year, the firm earned $0.30 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial increased their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Scotiabank began coverage on American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. KeyCorp raised their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Finally, Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $38.11.

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.