Zimmer Partners LP Buys 34,200 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Zimmer Partners LP lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 794,200 shares of the company's stock after acquiring an additional 34,200 shares during the period. Zimmer Partners LP owned approximately 0.52% of American Healthcare REIT worth $22,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AHR. Two Sigma Advisers LP raised its position in American Healthcare REIT by 39.4% in the 4th quarter. Two Sigma Advisers LP now owns 13,100 shares of the company's stock worth $372,000 after purchasing an additional 3,700 shares during the period. Two Sigma Investments LP increased its position in shares of American Healthcare REIT by 12.9% in the fourth quarter. Two Sigma Investments LP now owns 111,338 shares of the company's stock valued at $3,164,000 after acquiring an additional 12,717 shares during the period. ProShare Advisors LLC increased its position in shares of American Healthcare REIT by 174.3% in the fourth quarter. ProShare Advisors LLC now owns 42,824 shares of the company's stock valued at $1,217,000 after acquiring an additional 27,213 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of American Healthcare REIT by 16.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 22,120 shares of the company's stock valued at $630,000 after acquiring an additional 3,152 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Healthcare REIT by 92.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,567 shares of the company's stock valued at $2,460,000 after acquiring an additional 41,598 shares during the period. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $35.24 on Tuesday. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $35.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company's 50-day moving average is $30.91 and its 200 day moving average is $29.17. The stock has a market capitalization of $5.62 billion, a P/E ratio of -73.42, a P/E/G ratio of 1.57 and a beta of 1.40.

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 (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company earned $0.30 earnings per share. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AHR. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. KeyCorp decreased 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 research report on Monday, March 31st. Jefferies Financial Group began 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 objective on the stock. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $33.86.

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.

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