Foundations Investment Advisors LLC decreased its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 57.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,314 shares of the company's stock after selling 12,430 shares during the period. Foundations Investment Advisors LLC's holdings in American Healthcare REIT were worth $265,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHR. Thrivent Financial for Lutherans bought a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $1,202,000. The Manufacturers Life Insurance Company bought a new position in American Healthcare REIT in the second quarter valued at approximately $352,000. SG Americas Securities LLC grew its holdings in American Healthcare REIT by 184.0% during the 3rd quarter. SG Americas Securities LLC now owns 36,778 shares of the company's stock worth $960,000 after acquiring an additional 23,827 shares during the period. Park Avenue Securities LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $286,000. Finally, Mather Group LLC. acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $182,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.
American Healthcare REIT Stock Down 1.8 %
Shares of AHR stock opened at $28.28 on Friday. The company has a market capitalization of $4.33 billion and a price-to-earnings ratio of -58.91. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The firm has a fifty day moving average of $28.38 and a 200-day moving average of $24.59. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million during 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. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.
American Healthcare REIT Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is currently -208.33%.
Analyst Ratings Changes
AHR has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. Truist Financial lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada increased their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.
View Our Latest Analysis on AHR
American Healthcare REIT Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Healthcare REIT, Inc. (NYSE:AHR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Healthcare REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Healthcare REIT wasn't on the list.
While American Healthcare REIT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
