Easterly Investment Partners LLC Purchases Shares of 249,653 American Healthcare REIT, Inc. (NYSE:AHR)

Easterly Investment Partners LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 249,653 shares of the company's stock, valued at approximately $7,564,000. Easterly Investment Partners LLC owned approximately 0.16% of American Healthcare REIT as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after purchasing an additional 417 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in American Healthcare REIT by 3.4% in the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock worth $396,000 after purchasing an additional 455 shares in the last quarter. Xponance Inc. boosted its stake in American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after purchasing an additional 470 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after purchasing an additional 633 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in American Healthcare REIT by 6.4% in the 1st quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock worth $330,000 after purchasing an additional 640 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

NYSE AHR traded up $0.56 on Friday, hitting $37.82. The company had a trading volume of 953,708 shares, compared to its average volume of 1,901,960. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $38.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.38 and a quick ratio of 0.38. The company's fifty day moving average price is $35.70 and its 200-day moving average price is $31.60. The company has a market capitalization of $6.03 billion, a PE ratio of -140.07, a PEG ratio of 2.13 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The company had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same quarter in the previous year, the company posted $0.30 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. American Healthcare REIT's payout ratio is -370.37%.

Insider Buying and Selling at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the transaction, the executive owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. KeyCorp lifted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Truist Financial lifted their price objective on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Baird R W upgraded shares of American Healthcare REIT to a "strong-buy" rating in a research note on Thursday. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $38.11.

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.