American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 99.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,732,882 shares of the company's stock after purchasing an additional 861,882 shares during the quarter. Northern Trust Corp owned 1.13% of American Healthcare REIT worth $49,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC boosted its holdings in American Healthcare REIT by 1.3% during the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after buying an additional 436 shares in the last quarter. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after buying an additional 504 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in American Healthcare REIT by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after buying an additional 533 shares in the last quarter. IFP Advisors Inc boosted its holdings in American Healthcare REIT by 14.4% during the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after buying an additional 591 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in American Healthcare REIT by 8.0% during the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after buying an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AHR shares. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. 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 report on Monday, March 31st. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Finally, Morgan Stanley upped their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Price Performance

AHR stock traded down $0.16 on Tuesday, reaching $34.59. The company had a trading volume of 257,681 shares, compared to its average volume of 1,809,417. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $35.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company's fifty day moving average is $30.29 and its 200 day moving average is $28.88. The company has a market cap of $5.45 billion, a P/E ratio of -72.06, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) 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 quarter last year, the business earned $0.30 earnings per share. American Healthcare REIT's revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.89%. American Healthcare REIT's dividend payout ratio (DPR) 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.