Cambridge Investment Research Advisors Inc. Has $6.34 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Cambridge Investment Research Advisors Inc. reduced its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,260 shares of the company's stock after selling 22,056 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.13% of American Healthcare REIT worth $6,341,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AHR. Vanguard Group Inc. increased 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 last quarter. Deutsche Bank AG raised its stake in shares of American Healthcare REIT by 2.3% in the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after buying an additional 94,925 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $105,171,000 after acquiring an additional 1,172,670 shares during the period. Prudential Financial Inc. lifted its holdings 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. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of American Healthcare REIT by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after acquiring an additional 237,139 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

NYSE:AHR traded down $0.13 during mid-day trading on Friday, hitting $36.03. 4,109,493 shares of the stock were exchanged, compared to its average volume of 1,925,681. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -133.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The firm's 50-day simple moving average is $34.08 and its 200 day simple moving average is $30.60. American Healthcare REIT, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $36.96.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 business had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. During the same period in the prior year, the company posted $0.30 earnings per share. American Healthcare REIT's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. KeyCorp lifted their price target on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Truist Financial boosted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Morgan Stanley increased their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.