American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by PFG Investments LLC

PFG Investments LLC cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 80.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,204 shares of the company's stock after selling 39,036 shares during the period. PFG Investments LLC's holdings in American Healthcare REIT were worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AHR. Vanguard Group Inc. increased 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 buying an additional 7,474,374 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of American Healthcare REIT during the fourth quarter worth about $33,838,000. Geode Capital Management LLC grew its position 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 purchasing an additional 1,172,670 shares in the last quarter. Northern Trust Corp raised its stake in American Healthcare REIT by 99.0% during the 4th quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock valued at $49,249,000 after purchasing an additional 861,882 shares during the period. Finally, Norges Bank purchased a new position in American Healthcare REIT in the 4th quarter worth approximately $19,339,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

AHR has been the topic of several research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp boosted their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $37.14.

American Healthcare REIT Trading Down 0.4%

Shares of NYSE AHR traded down $0.13 during trading hours on Friday, reaching $36.03. The stock had a trading volume of 4,109,493 shares, compared to its average volume of 1,924,851. American Healthcare REIT, Inc. has a 52-week low of $14.38 and a 52-week high of $36.96. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.03 and a beta of 1.21. The business's fifty day moving average price is $34.08 and its two-hundred day moving average price is $30.60. 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 (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share 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 firm 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 company earned $0.30 EPS. The company's revenue was up 8.2% compared to the same quarter last year. Analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders 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 yield of 2.78%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

American Healthcare REIT 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.