Sumitomo Mitsui Trust Group Inc. Decreases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Sumitomo Mitsui Trust Group Inc. cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 65.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,897 shares of the company’s stock after selling 735,369 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in American Healthcare REIT were worth $10,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AHR. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $33,000. Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $45,000. Finally, Kessler Investment Group LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $48,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AHR has been the topic of a number of research analyst reports. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. KeyCorp boosted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America boosted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Truist Financial boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

American Healthcare REIT Stock Up 3.7 %

Shares of NYSE:AHR opened at $27.18 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.77. The stock’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $19.39. The company has a market capitalization of $3.58 billion and a P/E ratio of -56.63.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.68%. American Healthcare REIT’s payout ratio is currently -208.33%.

American Healthcare REIT Company Profile

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.