2,247,439 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Bought by Nuveen LLC

Nuveen LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 1st quarter, Holdings Channel reports. The fund bought 2,247,439 shares of the company’s stock, valued at approximately $68,097,000.

Several other institutional investors have also recently bought and sold shares of AHR. Wolff Wiese Magana LLC bought a new position in American Healthcare REIT in the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 633 shares during the period. Spirit of America Management Corp NY bought a new position in shares of American Healthcare REIT during the 1st quarter worth about $30,000. Avalon Trust Co bought a new position in shares of American Healthcare REIT during the 1st quarter worth about $36,000. Finally, Continuum Advisory LLC bought a new position in shares of American Healthcare REIT during the 1st quarter worth about $37,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $40.67 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.38 and a current ratio of 0.48. The firm’s 50-day simple moving average is $37.22 and its 200-day simple moving average is $32.91. American Healthcare REIT, Inc. has a twelve month low of $17.62 and a twelve month high of $41.50. The firm has a market cap of $6.49 billion, a P/E ratio of -184.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $542.50 million for the quarter, compared to analysts’ expectations of $539.49 million. American Healthcare REIT had a negative net margin of 1.56% and a negative return on equity of 1.43%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT’s dividend payout ratio is currently -454.55%.

Analyst Upgrades and Downgrades

AHR has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a “buy” rating and a $37.00 price objective on the stock. JMP Securities boosted their price objective on shares of American Healthcare REIT from $40.00 to $45.00 and gave the stock a “market outperform” rating in a report on Monday. Baird R W upgraded shares of American Healthcare REIT to a “strong-buy” rating in a report on Thursday, July 17th. Royal Bank Of Canada set a $45.00 price objective on shares of American Healthcare REIT and gave the stock an “outperform” rating in a report on Wednesday. Finally, KeyCorp lifted their target price on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.44.

Insiders Place Their Bets

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the sale, the executive directly owned 95,671 shares of the company’s stock, valued at approximately $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.92% of the company’s stock.

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.