Sumitomo Mitsui Trust Group Inc. Sells 735,369 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Sumitomo Mitsui Trust Group Inc. lessened its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 65.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 394,897 shares of the company's stock after selling 735,369 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.30% of American Healthcare REIT worth $10,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AHR. Sei Investments Co. bought a new stake in shares of American Healthcare REIT in the 1st quarter worth $2,967,000. Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT during the first quarter worth $16,205,000. Quadrature Capital Ltd acquired a new stake in shares of American Healthcare REIT during the first quarter worth $914,000. V3 Capital Management L.P. acquired a new stake in shares of American Healthcare REIT during the first quarter worth $42,337,000. Finally, Kodai Capital Management LP acquired a new stake in shares of American Healthcare REIT during the first quarter worth $336,000. Institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price 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 boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank of Canada boosted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Friday, September 20th. Finally, Bank of America boosted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Stock Up 1.0 %

NYSE AHR traded up $0.27 on Monday, reaching $27.45. The stock had a trading volume of 1,323,062 shares, compared to its average volume of 1,459,922. The business has a 50 day moving average price of $25.35 and a 200 day moving average price of $19.43. The company has a current ratio of 0.37, a quick ratio of 0.29 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $27.77. The company has a market capitalization of $3.61 billion and a price-to-earnings ratio of -57.19.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). The company 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 revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors 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 3.64%. American Healthcare REIT's payout ratio is -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.