American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in American Healthcare REIT during the 4th quarter valued at about $758,000. Strategic Financial Concepts LLC acquired a new position in shares of American Healthcare REIT in the fourth quarter valued at about $331,000. Arkadios Wealth Advisors increased its holdings in shares of American Healthcare REIT by 46.7% in the fourth quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock valued at $1,292,000 after purchasing an additional 14,464 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of American Healthcare REIT by 82.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company's stock valued at $1,069,000 after purchasing an additional 16,948 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of American Healthcare REIT by 139.7% in the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock valued at $20,714,000 after purchasing an additional 424,773 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AHR shares. Morgan Stanley increased their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Stock Up 1.5%

American Healthcare REIT stock opened at $35.49 on Monday. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of -73.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The business's 50-day moving average price is $30.78 and its 200 day moving average price is $29.11. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52 week low of $13.67 and a 52 week high of $35.51.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued 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. The company had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. American Healthcare REIT's dividend payout ratio is currently -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.

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