Principal Financial Group Inc. Increases Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,373,709 shares of the company's stock after purchasing an additional 134,822 shares during the period. Principal Financial Group Inc. owned 7.85% of American Healthcare REIT worth $374,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AHR. Mutual Advisors LLC lifted its stake in shares of American Healthcare REIT by 6.4% in the 1st quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after purchasing an additional 640 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of American Healthcare REIT by 20.7% during the first quarter. J.Safra Asset Management Corp now owns 5,791 shares of the company's stock valued at $175,000 after buying an additional 992 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in American Healthcare REIT by 7.4% in the first quarter. Ameritas Advisory Services LLC now owns 13,512 shares of the company's stock valued at $396,000 after acquiring an additional 931 shares during the period. Tsfg LLC bought a new stake in American Healthcare REIT in the first quarter valued at about $41,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in American Healthcare REIT in the first quarter valued at about $1,509,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 sale, the executive owned 95,671 shares of the company's stock, valued at $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.92% of the company's stock.

American Healthcare REIT Trading Up 2.4%

AHR traded up $0.87 during trading on Thursday, hitting $37.23. The company's stock had a trading volume of 614,511 shares, compared to its average volume of 1,888,564. American Healthcare REIT, Inc. has a twelve month low of $14.79 and a twelve month high of $37.25. 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 moving average price is $34.70 and its 200-day moving average price is $30.89. The firm has a market capitalization of $5.94 billion, a P/E ratio of 24.74, a PEG ratio of 2.04 and a beta of 1.09.

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

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.69%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Scotiabank began coverage on shares of American Healthcare REIT in a research note on Monday. They set a "sector outperform" rating and a $42.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp increased their price objective 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, Truist Financial boosted 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $37.75.

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.