OVERSEA CHINESE BANKING Corp Ltd Sells 26,771 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

OVERSEA CHINESE BANKING Corp Ltd lessened its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,825 shares of the company's stock after selling 26,771 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.13% of American Healthcare REIT worth $6,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AHR. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of American Healthcare REIT by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 12,373,709 shares of the company's stock worth $374,923,000 after buying an additional 134,822 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of American Healthcare REIT by 2.3% in the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after buying an additional 94,925 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Healthcare REIT by 46.4% in the 4th 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 last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of American Healthcare REIT by 13.6% in the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock valued at $100,072,000 after purchasing an additional 422,869 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective for the company. Morgan Stanley upped 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. Scotiabank initiated coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price objective for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, KeyCorp upped 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $37.75.

American Healthcare REIT Trading Up 0.7%

NYSE AHR traded up $0.27 during trading on Wednesday, hitting $37.36. The company had a trading volume of 871,482 shares, compared to its average volume of 1,897,742. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a one year low of $14.79 and a one year high of $37.75. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -138.37, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The company's fifty day moving average is $35.54 and its 200-day moving average is $31.43.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 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 business 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 business earned $0.30 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.25 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.68%. American Healthcare REIT's payout ratio is -370.37%.

Insider Activity

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.92% of the stock is currently owned by insiders.

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.