Ameriflex Group Inc. Purchases Shares of 9,175 American Healthcare REIT, Inc. (NYSE:AHR)

Ameriflex Group Inc. bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,175 shares of the company's stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in shares of American Healthcare REIT during the fourth quarter valued at about $758,000. Strategic Financial Concepts LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter worth $331,000. Nisa Investment Advisors LLC grew its stake in American Healthcare REIT by 82.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company's stock valued at $1,069,000 after acquiring an additional 16,948 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American Healthcare REIT by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock valued at $20,714,000 after acquiring an additional 424,773 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in 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. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AHR shares. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, KeyCorp reduced their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $35.00.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.12 on Thursday, reaching $34.83. 1,177,500 shares of the stock were exchanged, compared to its average volume of 1,855,755. The firm has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $29.61. American Healthcare REIT, Inc. has a twelve month low of $13.89 and a twelve month high of $35.97. The stock has a market cap of $5.56 billion, a PE ratio of -72.56, a PEG ratio of 1.57 and a beta of 1.40. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

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

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's 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.