Ameritas Advisory Services LLC Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Ameritas Advisory Services LLC grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 7.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,512 shares of the company’s stock after buying an additional 931 shares during the quarter. Ameritas Advisory Services LLC’s holdings in American Healthcare REIT were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AHR. Bank of New York Mellon Corp lifted its holdings in American Healthcare REIT by 139.7% during the 4th quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company’s stock worth $20,714,000 after purchasing an additional 424,773 shares in the last quarter. Metis Global Partners LLC lifted its stake in American Healthcare REIT by 26.1% in the 4th quarter. Metis Global Partners LLC now owns 17,092 shares of the company’s stock worth $486,000 after purchasing an additional 3,535 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in American Healthcare REIT by 109.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,241 shares of the company’s stock valued at $717,000 after purchasing an additional 13,215 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 237,139 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of American Healthcare REIT by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 18,756 shares of the company’s stock valued at $533,000 after purchasing an additional 2,026 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

AHR opened at $37.23 on Friday. The stock has a 50-day moving average price of $34.70 and a 200-day moving average price of $30.89. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $37.25. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.94 billion, a P/E ratio of -137.87, a PEG ratio of 2.04 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR) last issued 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. 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 1.85% and a negative net margin of 1.96%. American Healthcare REIT’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, June 30th. American Healthcare REIT’s payout ratio is presently -370.37%.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the sale, the executive directly owned 95,671 shares in the company, valued at $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AHR shares. Truist Financial increased their price objective on American Healthcare REIT from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Morgan Stanley raised their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, May 20th. KeyCorp lifted their price target on American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Scotiabank began coverage on shares of American Healthcare REIT in a research report on Monday. They set a “sector outperform” rating and a $42.00 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Buy” and an average target price of $37.75.

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.