Nuveen Asset Management LLC Cuts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Nuveen Asset Management LLC cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,036,823 shares of the company's stock after selling 46,489 shares during the period. Nuveen Asset Management LLC owned approximately 1.33% of American Healthcare REIT worth $57,887,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake 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 purchasing an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after purchasing an additional 2,750,137 shares during the last quarter. Deutsche Bank AG lifted its stake in American Healthcare REIT by 2.3% in the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after purchasing an additional 94,925 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $105,171,000 after acquiring an additional 1,172,670 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of American Healthcare REIT by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock valued at $100,072,000 after acquiring an additional 422,869 shares during the last quarter. 16.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped 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 note on Tuesday. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note 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 research note on Wednesday, March 19th. KeyCorp lowered their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $35.00.

American Healthcare REIT Trading Up 1.0%

AHR stock traded up $0.35 during trading on Friday, reaching $34.33. The company had a trading volume of 1,363,511 shares, compared to its average volume of 1,860,206. American Healthcare REIT, Inc. has a 52 week low of $13.89 and a 52 week high of $35.97. The company has a market cap of $5.48 billion, a P/E ratio of -71.51, a PEG ratio of 1.57 and a beta of 1.40. The business has a 50 day moving average of $31.32 and a 200 day moving average of $29.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same period in the prior year, the firm earned $0.30 earnings per share. American Healthcare REIT's revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

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.