Handelsbanken Fonder AB Acquires 12,600 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Handelsbanken Fonder AB raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 32.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,400 shares of the company's stock after purchasing an additional 12,600 shares during the period. Handelsbanken Fonder AB's holdings in American Healthcare REIT were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Richardson Capital Management LLC bought a new position in American Healthcare REIT during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after acquiring an additional 417 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of American Healthcare REIT by 206.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,442 shares of the company's stock valued at $44,000 after acquiring an additional 971 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of American Healthcare REIT by 330.8% in the fourth quarter. Assetmark Inc. now owns 2,615 shares of the company's stock valued at $74,000 after acquiring an additional 2,008 shares during the last quarter. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 1.8%

Shares of American Healthcare REIT stock traded up $0.62 on Monday, hitting $36.02. The stock had a trading volume of 146,538 shares, compared to its average volume of 1,888,082. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a twelve month low of $14.32 and a twelve month high of $37.08. The stock has a 50 day moving average of $32.91 and a 200 day moving average of $30.18. The firm has a market capitalization of $5.75 billion, a P/E ratio of -75.00, a PEG ratio of 1.57 and a beta of 1.21.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company 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 firm earned $0.30 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 2.78%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AHR. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. 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. KeyCorp increased their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT has a consensus rating of "Buy" and an average price target of $37.14.

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.