Merit Financial Group LLC Has $5.33 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Merit Financial Group LLC trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,827 shares of the company's stock after selling 8,407 shares during the period. Merit Financial Group LLC owned about 0.11% of American Healthcare REIT worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 4,208.9% in the first quarter. GAMMA Investing LLC now owns 42,572 shares of the company's stock worth $1,405,000 after buying an additional 41,584 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of American Healthcare REIT by 23.9% during the 1st quarter. AdvisorNet Financial Inc now owns 5,739 shares of the company's stock valued at $174,000 after purchasing an additional 1,106 shares in the last quarter. Franchise Capital Ltd bought a new position in shares of American Healthcare REIT during the 1st quarter valued at $75,000. MassMutual Private Wealth & Trust FSB boosted its holdings in American Healthcare REIT by 189.0% in the first 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, California State Teachers Retirement System lifted its position in shares of American Healthcare REIT by 3.0% in the fourth quarter. California State Teachers Retirement System now owns 141,984 shares of the company's stock worth $4,035,000 after buying an additional 4,086 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Price Performance

Shares of AHR stock traded up $0.33 during mid-day trading on Thursday, reaching $34.96. The company's stock had a trading volume of 1,288,840 shares, compared to its average volume of 1,863,893. The company has a market cap of $5.58 billion, a P/E ratio of -72.83, a PEG ratio of 1.57 and a beta of 1.40. 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's 50-day moving average is $32.07 and its two-hundred day moving average is $29.83.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The company 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 firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp lowered their price target 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. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group assumed coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT presently has a consensus 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.