American Healthcare REIT, Inc. (NYSE:AHR) Stake Boosted by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,924 shares of the company’s stock after purchasing an additional 455 shares during the period. Benjamin Edwards Inc.’s holdings in American Healthcare REIT were worth $396,000 as of its most recent SEC filing.

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

American Healthcare REIT Stock Performance

AHR opened at $34.94 on Friday. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $35.10. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -72.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The business has a 50 day moving average price of $30.20 and a two-hundred day moving average price of $28.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating 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 business 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 company’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. American Healthcare REIT’s payout ratio is currently -370.37%.

Analysts Set New Price Targets

Several brokerages have weighed in on AHR. KeyCorp cut their target price 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. 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 note on Tuesday, March 25th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT presently 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.