Atom Investors LP Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Atom Investors LP bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 78,187 shares of the company’s stock, valued at approximately $2,041,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after buying an additional 654 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in American Healthcare REIT during the third quarter worth about $28,000. Tidemark LLC purchased a new position in American Healthcare REIT during the third quarter valued at approximately $44,000. Kessler Investment Group LLC purchased a new position in American Healthcare REIT during the third quarter valued at approximately $48,000. Finally, KBC Group NV acquired a new position in American Healthcare REIT in the third quarter valued at approximately $51,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AHR shares. JMP Securities lifted 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. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley upped their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Down 2.9 %

AHR opened at $28.96 on Tuesday. The company has a market cap of $4.43 billion and a PE ratio of -60.33. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The company has a 50-day moving average price of $26.34 and a 200 day moving average price of $20.57. 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 (NYSE:AHR) last announced 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). 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 net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.42 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. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.45%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

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.