Y Intercept Hong Kong Ltd Makes New $401,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Y Intercept Hong Kong Ltd purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,241 shares of the company's stock, valued at approximately $401,000.

Several other hedge funds have also modified their holdings of the business. Choreo LLC acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $354,000. Allianz Asset Management GmbH acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at approximately $2,687,000. J.W. Cole Advisors Inc. lifted its holdings in shares of American Healthcare REIT by 164.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 96,936 shares of the company's stock valued at $2,937,000 after buying an additional 60,222 shares during the period. Private Advisor Group LLC lifted its holdings in shares of American Healthcare REIT by 8.5% in the 1st quarter. Private Advisor Group LLC now owns 33,614 shares of the company's stock valued at $1,019,000 after buying an additional 2,642 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of American Healthcare REIT by 7.8% in the 1st quarter. Diversify Advisory Services LLC now owns 37,818 shares of the company's stock valued at $1,208,000 after buying an additional 2,748 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AHR has been the subject of several research analyst reports. Scotiabank initiated coverage on 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. Truist Financial raised their price target on American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective for the company. Finally, Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a research report on Thursday, July 17th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and a consensus price target of $38.11.

Insiders Place Their Bets

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company's stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

American Healthcare REIT Stock Up 1.4%

Shares of AHR traded up $0.53 during midday trading on Friday, reaching $39.17. 524,883 shares of the company were exchanged, compared to its average volume of 1,633,666. 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 1-year low of $14.79 and a 1-year high of $39.30. The stock has a 50-day moving average price of $36.26 and a 200-day moving average price of $32.18. The company has a market cap of $6.25 billion, a price-to-earnings ratio of -145.00, a P/E/G ratio of 2.14 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's 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.