Swiss National Bank Purchases 162,800 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Swiss National Bank raised its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 126.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 291,400 shares of the company’s stock after purchasing an additional 162,800 shares during the period. Swiss National Bank’s holdings in American Healthcare REIT were worth $7,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter valued at about $28,000. Kessler Investment Group LLC purchased a new stake in shares of American Healthcare REIT in the third quarter worth about $48,000. KBC Group NV purchased a new position in American Healthcare REIT during the third quarter worth approximately $51,000. Kiely Wealth Advisory Group Inc. purchased a new position in American Healthcare REIT during the second quarter worth approximately $30,000. Finally, Creekmur Asset Management LLC purchased a new position in American Healthcare REIT during the third quarter worth approximately $54,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $28.96 on Tuesday. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.15. The company has a market cap of $4.43 billion and a price-to-earnings ratio of -59.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50 day moving average price is $25.82 and its 200 day moving average price is $19.92.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AHR shares. Royal Bank of Canada increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial increased their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America increased their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley increased their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

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.