American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,984 shares of the company’s stock after acquiring an additional 1,706 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in American Healthcare REIT were worth $727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AHR. Wolff Wiese Magana LLC acquired a new position in American Healthcare REIT in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after purchasing an additional 633 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT in the 1st quarter valued at about $30,000. Continuum Advisory LLC acquired a new position in American Healthcare REIT in the 1st quarter valued at about $37,000. Finally, Tsfg LLC acquired a new position in American Healthcare REIT in the 1st quarter valued at about $41,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $36.10, for a total value of $139,346.00. Following the sale, the executive directly owned 95,671 shares of the company’s stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

American Healthcare REIT Price Performance

Shares of AHR opened at $36.97 on Tuesday. American Healthcare REIT, Inc. has a fifty-two week low of $14.79 and a fifty-two week high of $38.47. The firm’s 50 day moving average price is $36.03 and its 200 day moving average price is $32.01. The company has a market cap of $5.90 billion, a P/E ratio of -136.92, a PEG ratio of 2.10 and a beta of 1.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45.

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, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. The firm had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

AHR has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 9th. Baird R W upgraded shares of American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. KeyCorp boosted their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, June 11th. Scotiabank began coverage on shares of American Healthcare REIT in a research note on Monday, June 30th. They issued a “sector outperform” rating and a $42.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $38.11.

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.