State of Wyoming Lowers Stake in American Healthcare REIT, Inc. (NYSE:AHR)

State of Wyoming cut its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the company's stock after selling 10,185 shares during the quarter. State of Wyoming's holdings in American Healthcare REIT were worth $168,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the period. Principal Financial Group Inc. lifted its position in American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after acquiring an additional 2,750,137 shares during the period. Cbre Investment Management Listed Real Assets LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth approximately $33,838,000. Geode Capital Management LLC lifted its position in American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after acquiring an additional 1,172,670 shares during the period. Finally, Northern Trust Corp lifted its position 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 worth $49,249,000 after acquiring an additional 861,882 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AHR has been the subject of a number of recent research reports. Jefferies Financial Group initiated 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley raised their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Finally, KeyCorp reduced their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $35.00.

American Healthcare REIT Price Performance

Shares of AHR traded up $0.01 during mid-day trading on Thursday, hitting $34.72. The company's stock had a trading volume of 683,414 shares, compared to its average volume of 1,854,061. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $31.61 and a 200 day simple moving average of $29.55. The firm has a market capitalization of $5.54 billion, a P/E ratio of -72.38, a P/E/G ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 1-year low of $13.89 and a 1-year high of $35.97.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. Analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. American Healthcare REIT's payout ratio is -370.37%.

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.