Ballentine Partners LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Ballentine Partners LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,654 shares of the company's stock, valued at approximately $293,000.

A number of other institutional investors also recently added to or reduced their stakes in AHR. Vanguard Group Inc. boosted its stake in American Healthcare REIT by 94.8% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after buying an additional 1,172,670 shares during the period. Northern Trust Corp grew its holdings in shares of American Healthcare REIT by 99.0% during the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock valued at $49,249,000 after buying an additional 861,882 shares during the last quarter. Norges Bank acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $19,339,000. Finally, Waterfront Capital Partners LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth about $15,066,000. Institutional investors own 16.68% of the company's stock.

Insider Transactions at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the sale, the executive owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AHR shares. Truist Financial lifted their target price on American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Robert W. Baird began coverage on shares of American Healthcare REIT in a report on Friday. They set an "outperform" rating and a $41.00 target price for the company. Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price for the company. Morgan Stanley increased 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, KeyCorp boosted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of "Buy" and a consensus price target of $38.11.

American Healthcare REIT Price Performance

Shares of AHR stock traded up $0.56 during mid-day trading on Friday, hitting $37.82. 953,688 shares of the stock were exchanged, compared to its average volume of 1,892,066. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $38.12. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.03 billion, a PE ratio of -140.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm has a fifty day moving average of $35.64 and a 200 day moving average of $31.49.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping 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 analysts' expectations of $542.32 million. During the same quarter in the prior year, the firm posted $0.30 EPS. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.64%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

About American Healthcare REIT

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.