Ameriflex Group Inc. Buys New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Ameriflex Group Inc. purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,175 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AHR. Geneos Wealth Management Inc. acquired a new stake in shares of American Healthcare REIT in the fourth quarter worth approximately $758,000. Strategic Financial Concepts LLC purchased a new position in American Healthcare REIT during the fourth quarter worth approximately $331,000. Nisa Investment Advisors LLC raised its stake in American Healthcare REIT by 82.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company’s stock worth $1,069,000 after purchasing an additional 16,948 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of American Healthcare REIT by 139.7% in the 4th quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company’s stock valued at $20,714,000 after purchasing an additional 424,773 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of American Healthcare REIT by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company’s stock valued at $60,964,000 after buying an additional 237,139 shares during the period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on American Healthcare REIT in a report on Monday, April 28th. They set a “buy” rating and a $37.00 price objective for the company. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp cut their price objective on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Morgan Stanley boosted their target price on American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, May 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $35.00.

American Healthcare REIT Stock Up 1.0%

Shares of NYSE AHR opened at $34.33 on Monday. The stock has a fifty day moving average price of $31.32 and a 200 day moving average price of $29.42. 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, Inc. has a 12-month low of $13.89 and a 12-month high of $35.97. The company has a market cap of $5.48 billion, a P/E ratio of -71.51, a P/E/G ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $540.60 million during 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 company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. Research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -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.