Principal Financial Group Inc. Buys 134,822 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Principal Financial Group Inc. boosted its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,373,709 shares of the company's stock after buying 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 bought and sold shares of AHR. Vanguard Group Inc. lifted its holdings in American Healthcare REIT by 94.8% in the fourth 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 period. Cbre Investment Management Listed Real Assets LLC purchased a new stake in American Healthcare REIT in the fourth quarter worth about $33,838,000. Geode Capital Management LLC lifted its holdings in American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after buying an additional 1,172,670 shares during the period. Northern Trust Corp lifted its holdings in American Healthcare REIT by 99.0% in the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after buying an additional 861,882 shares during the period. Finally, Norges Bank purchased a new stake in American Healthcare REIT in the fourth quarter worth about $19,339,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 2.4%

NYSE AHR traded up $0.87 during mid-day trading on Friday, reaching $37.23. The stock had a trading volume of 614,511 shares, compared to its average volume of 1,894,224. American Healthcare REIT, Inc. has a 1 year low of $14.79 and a 1 year high of $37.25. The stock has a market cap of $5.94 billion, a PE ratio of -137.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The company has a fifty day moving average price of $34.82 and a 200 day moving average price of $30.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data 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. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same period in the previous year, the business earned $0.30 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a $0.25 dividend. 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 payout ratio is currently -370.37%.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were 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 $3,453,723.10. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AHR has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price objective for the company. Truist Financial lifted their target price 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. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Morgan Stanley lifted their target price 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. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.