Ameriflex Group Inc. Purchases New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Ameriflex Group Inc. acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,175 shares of the company's stock, valued at approximately $260,000.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased 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 purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. grew its holdings in American Healthcare REIT by 29.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after acquiring an additional 2,750,137 shares during the period. Deutsche Bank AG grew its holdings in American Healthcare REIT by 2.3% during the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after acquiring an additional 94,925 shares during the period. Geode Capital Management LLC grew its stake in shares of American Healthcare REIT by 46.4% during the 4th 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 period. Finally, Prudential Financial Inc. grew its stake in shares of American Healthcare REIT by 13.6% during the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after purchasing an additional 422,869 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AHR has been the topic of a number of recent analyst reports. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their target price on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. KeyCorp lowered their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $35.00.

American Healthcare REIT Trading Up 0.4%

Shares of American Healthcare REIT stock traded up $0.15 during mid-day trading on Friday, hitting $34.99. 2,615,147 shares of the stock were exchanged, compared to its average volume of 1,866,190. American Healthcare REIT, Inc. has a twelve month low of $14.32 and a twelve month high of $35.97. The company has a 50-day simple moving average of $31.79 and a 200 day simple moving average of $29.69. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of -72.90, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period last year, the company earned $0.30 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend 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.