Aurora Private Wealth Inc. Acquires New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Aurora Private Wealth Inc. purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 61,570 shares of the company's stock, valued at approximately $1,866,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of American Healthcare REIT by 1.1% during the first quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock valued at $374,923,000 after purchasing an additional 134,822 shares in the last quarter. Mutual Advisors LLC increased its position in American Healthcare REIT by 6.4% during the first quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after acquiring an additional 640 shares during the last quarter. J.Safra Asset Management Corp increased its position in American Healthcare REIT by 20.7% during the first quarter. J.Safra Asset Management Corp now owns 5,791 shares of the company's stock valued at $175,000 after acquiring an additional 992 shares during the last quarter. Ameritas Advisory Services LLC increased its position in American Healthcare REIT by 7.4% during the first quarter. Ameritas Advisory Services LLC now owns 13,512 shares of the company's stock valued at $396,000 after acquiring an additional 931 shares during the last quarter. Finally, Tsfg LLC purchased a new stake in American Healthcare REIT during the first quarter valued at $41,000. 16.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AHR. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. KeyCorp upped their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. 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 research report on Monday, June 9th. Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, Scotiabank assumed coverage on American Healthcare REIT in a research report on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price target for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $37.75.

Insider Activity

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 completion of the sale, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

American Healthcare REIT Price Performance

American Healthcare REIT stock traded down $0.33 during midday trading on Monday, reaching $36.74. 1,419,070 shares of the stock traded hands, compared to its average volume of 1,892,323. The stock's fifty day moving average is $34.93 and its 200-day moving average is $31.07. American Healthcare REIT, Inc. has a 12 month low of $14.79 and a 12 month high of $37.52. The stock has a market cap of $5.86 billion, a P/E ratio of -136.07, a PEG ratio of 2.08 and a beta of 1.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same period in the prior year, the company earned $0.30 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. As a group, equities research 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 disclosed 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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, June 30th. American Healthcare REIT's payout ratio is -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.