Petra Financial Advisors Inc. Sells 9,669 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Petra Financial Advisors Inc. cut its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 55.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,735 shares of the company's stock after selling 9,669 shares during the quarter. Petra Financial Advisors Inc.'s holdings in American Healthcare REIT were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AHR. Vanguard Group Inc. grew its position in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of American Healthcare REIT by 2.3% during the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after purchasing an additional 94,925 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 worth $105,171,000 after purchasing an additional 1,172,670 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of American Healthcare REIT by 13.6% in the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after buying an additional 422,869 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in American Healthcare REIT by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock valued at $60,964,000 after buying an additional 237,139 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Down 0.6%

AHR stock traded down $0.23 on Tuesday, reaching $36.40. 1,828,722 shares of the company traded hands, compared to its average volume of 1,915,842. The firm has a fifty day simple moving average of $33.86 and a 200-day simple moving average of $30.51. The company has a market cap of $5.81 billion, a P/E ratio of -134.79, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22. American Healthcare REIT, Inc. has a one year low of $14.35 and a one year high of $37.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Research 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 will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

Analysts Set New Price Targets

A number of research firms have issued reports on AHR. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. Finally, Truist Financial lifted their price target on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a report on Monday, June 9th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and an average target price of $37.14.

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.