Pinkerton Retirement Specialists LLC lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,805 shares of the company's stock after selling 8,596 shares during the period. Pinkerton Retirement Specialists LLC's holdings in American Healthcare REIT were worth $279,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT during the fourth quarter worth approximately $29,000. Fifth Third Bancorp bought a new position in American Healthcare REIT in the fourth quarter worth approximately $39,000. Indiana Trust & Investment Management Co purchased a new position in American Healthcare REIT during the 4th quarter worth $57,000. Assetmark Inc. raised its position in American Healthcare REIT by 330.8% during the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company's stock valued at $74,000 after purchasing an additional 2,008 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in American Healthcare REIT during the 4th quarter valued at $86,000. Hedge funds and other institutional investors own 16.68% of the company's stock.
American Healthcare REIT Stock Down 0.6%
Shares of American Healthcare REIT stock opened at $33.96 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.42 billion, a P/E ratio of -70.75, a PEG ratio of 1.57 and a beta of 1.40. The firm's 50 day moving average price is $31.22 and its 200-day moving average price is $29.31. American Healthcare REIT, Inc. has a 52-week low of $13.67 and a 52-week high of $35.97.
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 for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $540.60 million during 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%. American Healthcare REIT's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.
American Healthcare REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.
Analyst Ratings Changes
A number of research firms have recently issued reports on AHR. Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. KeyCorp dropped their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Morgan Stanley increased 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. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $35.00.
Get Our Latest Report on AHR
About American Healthcare REIT
(
Free Report)
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.
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