Mercer Global Advisors Inc. ADV Sells 20,588 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Mercer Global Advisors Inc. ADV lowered its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 66.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,577 shares of the company’s stock after selling 20,588 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in American Healthcare REIT were worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Diversify Advisory Services LLC lifted 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 buying an additional 436 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of 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 buying an additional 533 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock worth $134,000 after buying an additional 591 shares in the last quarter. Zacks Investment Management lifted its stake in shares of American Healthcare REIT by 1.8% in the fourth quarter. Zacks Investment Management now owns 44,044 shares of the company’s stock worth $1,252,000 after buying an additional 774 shares in the last quarter. Finally, Richardson Capital Management LLC bought a new position in shares of American Healthcare REIT in the fourth quarter worth approximately $29,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AHR. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a “buy” rating and a $37.00 target price on the stock. KeyCorp dropped their target price on shares of 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 reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Buy” and an average target price of $33.86.

American Healthcare REIT Stock Up 2.3%

AHR opened at $34.98 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $30.65 and a 200-day moving average price of $29.02. American Healthcare REIT, Inc. has a twelve month low of $13.67 and a twelve month high of $35.32. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -72.88, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data 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 net margin of 1.84% and a negative return on equity of 1.87%. The firm had revenue of $540.60 million during the quarter, compared to analysts’ expectations of $542.32 million. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued 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 yield of 2.86%. American Healthcare REIT’s dividend payout ratio is currently -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.