Price T Rowe Associates Inc. MD Has $2.89 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Price T Rowe Associates Inc. MD boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 120.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,764 shares of the company's stock after purchasing an additional 55,651 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of American Healthcare REIT worth $2,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the 4th quarter valued at $29,000. Carolina Wealth Advisors LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $28,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Healthcare REIT in the 4th quarter worth about $37,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AHR has been the subject of a number of recent analyst reports. KeyCorp dropped their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research 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. 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. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $33.86.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $2.73 during trading on Friday, reaching $34.94. The company's stock had a trading volume of 2,431,093 shares, compared to its average volume of 1,814,925. The firm has a market cap of $5.51 billion, a PE ratio of -72.79, a P/E/G ratio of 1.57 and a beta of 1.40. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52 week low of $13.67 and a 52 week high of $35.10. The business's 50-day moving average price is $30.20 and its 200-day moving average price is $28.81.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its 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. The firm had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

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.