Merit Financial Group LLC Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Merit Financial Group LLC raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,234 shares of the company’s stock after purchasing an additional 2,997 shares during the quarter. Merit Financial Group LLC owned approximately 0.12% of American Healthcare REIT worth $5,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AHR. Wellington Management Group LLP boosted its holdings in American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares during the period. Principal Financial Group Inc. lifted its position in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares in the last quarter. State Street Corp boosted its holdings in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the period. Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after purchasing an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new position in shares of American Healthcare REIT in the third quarter valued at $56,575,000. Institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

AHR has been the subject of several analyst reports. Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Truist Financial boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Stock Down 2.9 %

AHR opened at $27.87 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 business’s fifty day simple moving average is $28.11 and its 200 day simple moving average is $23.74. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The stock has a market cap of $4.27 billion and a PE ratio of -58.06.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

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.