American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 92.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 86,567 shares of the company’s stock after buying an additional 41,598 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in American Healthcare REIT were worth $2,460,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in American Healthcare REIT by 94.8% during the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after purchasing an additional 2,750,137 shares in the last quarter. Deutsche Bank AG grew its stake in shares of American Healthcare REIT by 2.3% in the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company’s stock worth $122,513,000 after purchasing an additional 94,925 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after purchasing an additional 1,172,670 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of American Healthcare REIT by 13.6% in the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company’s stock worth $100,072,000 after purchasing an additional 422,869 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AHR. KeyCorp reduced their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They set a “buy” rating and a $37.00 target price for the company. Finally, Citigroup reiterated 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $35.00.

American Healthcare REIT Trading Up 0.2%

NYSE:AHR opened at $35.33 on Wednesday. The stock’s 50-day moving average is $31.04 and its two-hundred day moving average is $29.22. American Healthcare REIT, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $35.97. The stock has a market cap of $5.64 billion, a PE ratio of -73.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same period last year, the business earned $0.30 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

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.