American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 45.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,988 shares of the company's stock after selling 16,017 shares during the quarter. IFM Investors Pty Ltd's holdings in American Healthcare REIT were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of American Healthcare REIT by 94.8% during 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. Geode Capital Management LLC lifted its stake in shares of American Healthcare REIT by 46.4% during 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 stake in shares of American Healthcare REIT by 99.0% during 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. Norges Bank acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $19,339,000. Finally, Waterfront Capital Partners LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $15,066,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was 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 approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank assumed coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective for the company. KeyCorp boosted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research 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 company a "buy" rating in a research report on Monday, June 9th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $37.75.

American Healthcare REIT Price Performance

AHR stock traded up $0.37 during mid-day trading on Wednesday, reaching $36.07. The company's stock had a trading volume of 1,152,405 shares, compared to its average volume of 1,891,741. The stock has a market cap of $5.75 billion, a PE ratio of -133.59, a P/E/G ratio of 2.07 and a beta of 1.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a fifty-two week low of $14.79 and a fifty-two week high of $37.53. The company's 50 day moving average is $35.00 and its two-hundred day moving average is $31.10.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.77%. American Healthcare REIT's payout ratio is -370.37%.

American Healthcare REIT Company Profile

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.