Deutsche Bank AG Purchases 94,925 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Deutsche Bank AG raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,310,788 shares of the company’s stock after acquiring an additional 94,925 shares during the quarter. Deutsche Bank AG owned approximately 2.82% of American Healthcare REIT worth $122,513,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. EP Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT during the fourth quarter worth about $206,000. Cresset Asset Management LLC purchased a new stake in American Healthcare REIT during the 4th quarter valued at approximately $585,000. Cetera Investment Advisers raised its position in shares of American Healthcare REIT by 149.7% during the fourth quarter. Cetera Investment Advisers now owns 198,051 shares of the company’s stock valued at $5,629,000 after buying an additional 118,743 shares during the last quarter. BROOKFIELD Corp ON lifted its holdings in shares of American Healthcare REIT by 10.0% in the fourth quarter. BROOKFIELD Corp ON now owns 483,708 shares of the company’s stock worth $13,747,000 after buying an additional 44,110 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of American Healthcare REIT during the fourth quarter worth $2,172,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $34.94 on Friday. The firm has a market capitalization of $5.51 billion, a PE ratio of -72.79, a PEG ratio of 1.57 and a beta of 1.40. The stock’s fifty day moving average is $30.20 and its 200 day moving average is $28.79. American Healthcare REIT, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $35.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released 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. 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 analyst estimates of $542.32 million. During the same quarter last year, the business earned $0.30 EPS. The business’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, March 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Morgan Stanley raised their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. 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 price objective on the stock. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has an average rating of “Buy” and an average target price of $33.86.

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.