Loomis Sayles & Co. L P Buys Shares of 2,095 American Healthcare REIT, Inc. (NYSE:AHR)

Loomis Sayles & Co. L P bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,095 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the last quarter. Vanguard Group Inc. purchased a new stake in shares of American Healthcare REIT in the first quarter valued at $16,205,000. Charles Schwab Investment Management Inc. boosted its stake in shares of American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC purchased a new stake in American Healthcare REIT during the 1st quarter worth about $10,643,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. KeyCorp raised their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley boosted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Bank of America upped their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Trading Up 0.7 %

AHR stock opened at $29.57 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.53 billion and a price-to-earnings ratio of -61.60. The business has a fifty day simple moving average of $26.20 and a 200-day simple moving average of $20.27. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.81.

American Healthcare REIT (NYSE:AHR) last announced its quarterly 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 firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. 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 3.38%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

American Healthcare REIT 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.