Wilmington Savings Fund Society FSB Invests $28,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,060 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth $28,000. Quarry LP purchased a new position in American Healthcare REIT during the third quarter valued at $33,000. Tidemark LLC bought a new stake in American Healthcare REIT during the third quarter valued at about $44,000. SOA Wealth Advisors LLC. purchased a new stake in American Healthcare REIT in the third quarter worth about $45,000. Finally, Kessler Investment Group LLC bought a new position in shares of American Healthcare REIT in the third quarter worth about $48,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AHR. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Bank of America upped their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Truist Financial raised 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 report on Friday, November 15th. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada raised their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Up 1.3 %

Shares of AHR stock opened at $28.10 on Tuesday. The company’s fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $22.03. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The stock has a market cap of $4.30 billion and a P/E ratio of -58.54. 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 posted 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 during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.56%. American Healthcare REIT’s payout ratio is currently -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.