Mackenzie Financial Corp Acquires New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Mackenzie Financial Corp bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,840 shares of the company's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings 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 valued at $436,455,000 after buying an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after acquiring an additional 2,750,137 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of American Healthcare REIT by 2.3% in the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after purchasing an additional 94,925 shares during the period. Geode Capital Management LLC increased its position in 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 purchasing an additional 1,172,670 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in American Healthcare REIT by 13.6% during the fourth 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 last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 1.6%

Shares of AHR traded up $0.54 during midday trading on Friday, hitting $35.51. The company had a trading volume of 1,715,874 shares, compared to its average volume of 1,867,580. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 1 year low of $14.32 and a 1 year high of $35.97. The firm has a market capitalization of $5.66 billion, a P/E ratio of -73.99, a P/E/G ratio of 1.57 and a beta of 1.40. The company's 50-day simple moving average is $32.16 and its 200-day simple moving average is $29.89.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business 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 business posted $0.30 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Analysts Set New Price Targets

AHR has been the subject of several analyst reports. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group initiated coverage on American Healthcare REIT in a report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp reduced their target price on 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, Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $35.00.

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.