Ameritas Advisory Services LLC raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 32.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,581 shares of the company’s stock after purchasing an additional 3,110 shares during the quarter. Ameritas Advisory Services LLC’s holdings in American Healthcare REIT were worth $358,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 in the last quarter. State Street Corp raised its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after purchasing an additional 2,538,177 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after purchasing an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $56,575,000. Institutional investors and hedge funds own 16.68% of the company’s stock.
Wall Street Analyst Weigh In
AHR has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Truist Financial increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.
American Healthcare REIT Price Performance
Shares of NYSE AHR opened at $28.69 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $24.01. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The firm has a market cap of $4.39 billion and a price-to-earnings ratio of -59.78.
American Healthcare REIT (NYSE:AHR – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.
American Healthcare REIT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Tuesday, December 31st. 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.
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