The Manufacturers Life Insurance Company Purchases 26,378 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

The Manufacturers Life Insurance Company lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 118.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,586 shares of the company's stock after buying an additional 26,378 shares during the period. The Manufacturers Life Insurance Company's holdings in American Healthcare REIT were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AHR. Diversify Advisory Services LLC grew its stake in shares of American Healthcare REIT by 1.3% in the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after acquiring an additional 436 shares during the period. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 504 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after purchasing an additional 533 shares during the last quarter. IFP Advisors Inc raised its stake in American Healthcare REIT by 14.4% during the 4th quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock valued at $134,000 after buying an additional 591 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of American Healthcare REIT by 8.0% during the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock valued at $289,000 after buying an additional 754 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock traded up $0.51 during mid-day trading on Friday, hitting $35.49. The stock had a trading volume of 3,286,055 shares, compared to its average volume of 1,828,347. American Healthcare REIT, Inc. has a one year low of $13.67 and a one year high of $35.51. 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 firm has a market capitalization of $5.59 billion, a P/E ratio of -73.94, a P/E/G ratio of 1.57 and a beta of 1.40. The firm's 50 day moving average is $30.65 and its 200 day moving average is $29.02.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share 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. 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 dividend yield of 2.82%. American Healthcare REIT's dividend payout ratio is -370.37%.

Analysts Set New Price Targets

AHR has been the topic of a number of research reports. KeyCorp dropped their price target 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 restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price objective on the stock. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $33.86.

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.