Harbour Investments Inc. Purchases New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Harbour Investments Inc. purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,584 shares of the company's stock, valued at approximately $511,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in American Healthcare REIT during the second quarter worth about $3,317,000. Quadrature Capital Ltd acquired a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $914,000. Foundations Investment Advisors LLC acquired a new stake in American Healthcare REIT during the 3rd quarter valued at $568,000. Sei Investments Co. purchased a new position in American Healthcare REIT during the first quarter worth $2,967,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of American Healthcare REIT by 116.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company's stock worth $16,513,000 after acquiring an additional 608,656 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective 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. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Truist Financial upped 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. JMP Securities raised their target price on shares of 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 price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.25.

American Healthcare REIT Stock Up 3.7 %

Shares of AHR opened at $27.18 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.58 billion and a PE ratio of -56.63. The company's fifty day moving average is $25.35 and its two-hundred day moving average is $19.35. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.77.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million during the quarter, compared to analysts' expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. American Healthcare REIT's dividend payout ratio (DPR) 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.