Cetera Investment Advisers Purchases 118,743 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Cetera Investment Advisers increased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 149.7% in the 4th quarter, Holdings Channel reports. The firm owned 198,051 shares of the company’s stock after buying an additional 118,743 shares during the quarter. Cetera Investment Advisers’ holdings in American Healthcare REIT were worth $5,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the period. Richardson Capital Management LLC bought a new position in American Healthcare REIT in the fourth quarter worth $29,000. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT in the fourth quarter worth $29,000. Decker Retirement Planning Inc. bought a new position in American Healthcare REIT in the fourth quarter worth $37,000. Finally, Fifth Third Bancorp bought a new position in American Healthcare REIT in the fourth quarter worth $39,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $34.62 on Wednesday. The stock has a 50-day simple moving average of $30.29 and a 200 day simple moving average of $28.88. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12-month low of $13.67 and a 12-month high of $35.25. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of -72.13, a P/E/G ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $540.60 million during the quarter, compared to analysts’ expectations of $542.32 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. American Healthcare REIT’s dividend payout ratio is -370.37%.

Wall Street Analyst Weigh In

AHR has been the topic of several recent analyst reports. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp reduced their target price 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. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a “buy” rating and a $37.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target 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.