IFM Investors Pty Ltd Decreases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

IFM Investors Pty Ltd lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 45.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Wolff Wiese Magana LLC bought a new stake in American Healthcare REIT during the first quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB increased its stake in American Healthcare REIT by 189.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after acquiring an additional 633 shares during the last quarter. Spirit of America Management Corp NY bought a new position in American Healthcare REIT during the first quarter valued at $30,000. Continuum Advisory LLC bought a new position in American Healthcare REIT during the first quarter valued at $37,000. Finally, Tsfg LLC bought a new position in American Healthcare REIT during the first quarter valued at $41,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Insiders Place Their Bets

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction dated 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 sale, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on AHR shares. Truist Financial boosted their price objective 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. KeyCorp boosted their price objective 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. Scotiabank started coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective on the stock. Morgan Stanley boosted their price objective 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. Finally, Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $37.75.

American Healthcare REIT Trading Up 1.1%

Shares of NYSE AHR traded up $0.41 during mid-day trading on Friday, reaching $36.62. The company had a trading volume of 1,423,634 shares, compared to its average volume of 1,904,625. The business's 50-day moving average is $35.25 and its 200-day moving average is $31.26. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09. American Healthcare REIT, Inc. has a 52 week low of $14.79 and a 52 week high of $37.53.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.96% and a negative return on equity of 1.85%. The firm had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same period in the prior year, the business posted $0.30 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is presently -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.