FJ Capital Management LLC Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

FJ Capital Management LLC lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,131 shares of the company's stock after purchasing an additional 12,068 shares during the quarter. FJ Capital Management LLC's holdings in American Healthcare REIT were worth $970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AHR. Vanguard Group Inc. increased its position in shares of American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after buying an additional 3,330,714 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in American Healthcare REIT in the 4th quarter worth $33,838,000. Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after buying an additional 1,172,670 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in American Healthcare REIT by 99.0% in the fourth quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock valued at $49,249,000 after acquiring an additional 861,882 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Down 1.5%

AHR traded down $0.53 during trading hours on Wednesday, hitting $34.10. 472,388 shares of the company's stock were exchanged, compared to its average volume of 1,666,826. American Healthcare REIT, Inc. has a 12-month low of $13.67 and a 12-month high of $35.25. The firm has a 50 day moving average of $30.40 and a 200 day moving average of $28.92. The firm has a market cap of $5.37 billion, a P/E ratio of -71.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. 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 earnings per share 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 firm had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. American Healthcare REIT's dividend payout ratio (DPR) is currently -370.37%.

Wall Street Analysts Forecast Growth

AHR has been the topic of a number of research reports. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp lowered their target price on shares of 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. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $33.86.

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.