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

Zimmer Partners LP grew its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 794,200 shares of the company's stock after purchasing an additional 34,200 shares during the quarter. Zimmer Partners LP owned about 0.52% of American Healthcare REIT worth $22,571,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $758,000. Strategic Financial Concepts LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $331,000. Arkadios Wealth Advisors raised its stake in American Healthcare REIT by 46.7% during the 4th quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock worth $1,292,000 after buying an additional 14,464 shares during the period. Nisa Investment Advisors LLC raised its stake in American Healthcare REIT by 82.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company's stock worth $1,069,000 after buying an additional 16,948 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in American Healthcare REIT by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company's stock worth $20,714,000 after buying an additional 424,773 shares during the period. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Stock Up 1.0%

Shares of NYSE AHR traded up $0.35 during mid-day trading on Friday, hitting $34.33. The company had a trading volume of 1,363,511 shares, compared to its average volume of 1,860,206. American Healthcare REIT, Inc. has a one year low of $13.89 and a one year high of $35.97. 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 company has a market capitalization of $5.48 billion, a PE ratio of -71.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The firm has a 50-day simple moving average of $31.32 and a two-hundred day simple moving average of $29.40.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly 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 return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. During the same quarter last year, the company posted $0.30 earnings per share. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. KeyCorp dropped their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $35.00.

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.