ProShare Advisors LLC Buys 27,213 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

ProShare Advisors LLC boosted its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 174.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,824 shares of the company's stock after purchasing an additional 27,213 shares during the period. ProShare Advisors LLC's holdings in American Healthcare REIT were worth $1,217,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter worth $29,000. Fifth Third Bancorp purchased a new position in American Healthcare REIT in the fourth quarter worth about $39,000. Indiana Trust & Investment Management Co bought a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $57,000. Assetmark Inc. grew its stake in shares of 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 during the period. Finally, Promus Capital LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $86,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AHR shares. KeyCorp dropped their price objective 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. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. Morgan Stanley boosted 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 report on Tuesday, May 20th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $35.00.

American Healthcare REIT Stock Performance

NYSE AHR traded up $0.72 on Tuesday, reaching $35.05. 530,380 shares of the stock were exchanged, compared to its average volume of 1,854,990. American Healthcare REIT, Inc. has a one year low of $13.89 and a one year high of $35.97. The firm has a market capitalization of $5.59 billion, a PE ratio of -73.00, a PEG ratio of 1.57 and a beta of 1.40. The company's 50-day simple moving average is $31.40 and its two-hundred day simple moving average is $29.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same quarter last year, the business earned $0.30 EPS. The firm'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 announced 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 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

About American Healthcare REIT

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.