American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 66.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,577 shares of the company's stock after selling 20,588 shares during the period. Mercer Global Advisors Inc. ADV's holdings in American Healthcare REIT were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company's stock worth $4,654,000 after buying an additional 102,588 shares during the period. Accurate Wealth Management LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter valued at $354,000. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $37,000. Finally, Merit Financial Group LLC boosted its position in shares of American Healthcare REIT by 1.7% in the 4th quarter. Merit Financial Group LLC now owns 184,234 shares of the company's stock worth $5,236,000 after purchasing an additional 2,997 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $0.27 during midday trading on Monday, reaching $35.24. 1,629,195 shares of the company were exchanged, compared to its average volume of 1,836,964. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $35.57. The stock has a fifty day simple moving average of $30.78 and a 200 day simple moving average of $29.11. The stock has a market cap of $5.62 billion, a P/E ratio of -73.42, a PEG 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, research analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 annualized dividend and a dividend yield of 2.84%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Analysts Set New Price Targets

A number of analysts have commented on AHR shares. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp decreased their price objective 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. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Morgan Stanley increased their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and a consensus target price 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.