Sumitomo Mitsui DS Asset Management Company Ltd Buys 11,932 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 80.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,805 shares of the company’s stock after purchasing an additional 11,932 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Healthcare REIT were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centersquare Investment Management LLC acquired a new stake in American Healthcare REIT in the 1st quarter worth $63,269,000. V3 Capital Management L.P. bought a new stake in American Healthcare REIT in the first quarter valued at $42,337,000. Goldentree Asset Management LP acquired a new position in American Healthcare REIT during the first quarter worth $22,125,000. Russell Investments Group Ltd. bought a new position in shares of American Healthcare REIT during the first quarter valued at $20,381,000. Finally, Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $16,205,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. 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 research note on Friday, September 20th. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Truist Financial lifted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Bank of America increased their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Stock Up 1.3 %

Shares of AHR opened at $24.91 on Wednesday. The business’s fifty day moving average price is $23.29 and its two-hundred day moving average price is $17.82. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $26.77. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%.

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.