ProShare Advisors LLC Has $1.22 Million Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

ProShare Advisors LLC lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 174.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,824 shares of the company’s stock after buying an additional 27,213 shares during the period. ProShare Advisors LLC’s holdings in American Healthcare REIT were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of American Healthcare REIT during the fourth quarter worth $758,000. Strategic Financial Concepts LLC acquired a new position in shares of American Healthcare REIT during the fourth quarter worth $331,000. Nisa Investment Advisors LLC increased its holdings in shares of American Healthcare REIT by 82.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company’s stock worth $1,069,000 after buying an additional 16,948 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of American Healthcare REIT by 139.7% in the fourth 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company’s stock worth $60,964,000 after purchasing an additional 237,139 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AHR. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday. KeyCorp reduced their price objective 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. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Buy” and a consensus target price of $35.00.

American Healthcare REIT Stock Performance

Shares of AHR opened at $33.96 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $5.42 billion, a P/E ratio of -70.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The firm’s fifty day simple moving average is $31.22 and its two-hundred day simple moving average is $29.31. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $35.97.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analysts’ expectations of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -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.