Ameriprise Financial Inc. Increases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Ameriprise Financial Inc. grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,974 shares of the company's stock after buying an additional 20,366 shares during the quarter. Ameriprise Financial Inc. owned 0.06% of American Healthcare REIT worth $2,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT in the fourth quarter worth approximately $29,000. Fifth Third Bancorp purchased a new stake in American Healthcare REIT in the fourth quarter worth approximately $39,000. Indiana Trust & Investment Management Co purchased a new stake in American Healthcare REIT in the fourth quarter worth approximately $57,000. Assetmark Inc. boosted its holdings 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 purchasing an additional 2,008 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in American Healthcare REIT in the fourth quarter worth approximately $86,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AHR shares. Morgan Stanley raised their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. 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. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. KeyCorp decreased their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $35.00.

American Healthcare REIT Price Performance

Shares of AHR stock traded up $0.08 on Monday, hitting $35.02. 925,820 shares of the stock traded hands, compared to its average volume of 1,862,421. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of -72.96, a PEG ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 52 week low of $14.32 and a 52 week high of $35.97. The firm has a 50 day simple moving average of $31.89 and a two-hundred day simple moving average of $29.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company's revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend 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 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.