OneDigital Investment Advisors LLC Cuts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

OneDigital Investment Advisors LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 21.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,596 shares of the company's stock after selling 35,819 shares during the period. OneDigital Investment Advisors LLC owned 0.08% of American Healthcare REIT worth $3,896,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AHR. Bank of New York Mellon Corp boosted its holdings in American Healthcare REIT by 139.7% during the fourth quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock worth $20,714,000 after buying an additional 424,773 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in American Healthcare REIT by 109.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,241 shares of the company's stock worth $717,000 after purchasing an additional 13,215 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Healthcare REIT by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after purchasing an additional 237,139 shares during the last quarter. Victory Capital Management Inc. boosted its position in American Healthcare REIT by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 18,756 shares of the company's stock worth $533,000 after acquiring an additional 2,026 shares during the period. Finally, Assetmark Inc. raised its position in American Healthcare REIT by 330.8% in the fourth quarter. Assetmark Inc. now owns 2,615 shares of the company's stock worth $74,000 after acquiring an additional 2,008 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 1.2%

Shares of NYSE:AHR traded up $0.43 during trading on Wednesday, reaching $36.13. The stock had a trading volume of 757,355 shares, compared to its average volume of 1,890,470. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of -133.81, a P/E/G ratio of 2.07 and a beta of 1.09. The firm's fifty day moving average is $35.00 and its 200 day moving average is $31.10. 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 issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The business had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same period last year, the business earned $0.30 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 dividend yield of 2.77%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research reports. Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Truist Financial upped their price target on American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, KeyCorp lifted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Buy" and an average target price of $37.75.

Insider Transactions at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the company's 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 sale, the executive owned 95,671 shares in the company, valued at $3,453,723.10. This represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

American Healthcare REIT 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.