Loomis Sayles & Co. L P Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Loomis Sayles & Co. L P purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,095 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the third quarter worth $28,000. Tidemark LLC purchased a new stake in American Healthcare REIT during the 3rd quarter worth $44,000. Kessler Investment Group LLC purchased a new stake in American Healthcare REIT during the 3rd quarter worth $48,000. KBC Group NV acquired a new position in American Healthcare REIT in the 3rd quarter worth $51,000. Finally, Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 0.7 %

Shares of NYSE:AHR opened at $29.57 on Friday. The company’s fifty day moving average is $26.20 and its two-hundred day moving average is $20.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.81. The stock has a market capitalization of $4.53 billion and a price-to-earnings ratio of -61.60.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data 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 business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date 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 is currently -208.33%.

Analysts Set New Price Targets

Several research firms recently commented on AHR. Truist Financial boosted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. 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 research note on Monday, November 18th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. JMP Securities increased their price objective 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. Finally, Morgan Stanley boosted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and an average price target of $25.13.

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.