Hilton Capital Management LLC Acquires New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Hilton Capital Management LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 183,039 shares of the company's stock, valued at approximately $4,777,000. Hilton Capital Management LLC owned approximately 0.14% of American Healthcare REIT at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AHR. Manning & Napier Advisors LLC bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $3,317,000. Quadrature Capital Ltd bought a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $914,000. Foundations Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $568,000. Sei Investments Co. bought a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $2,967,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of American Healthcare REIT by 116.7% during the 2nd 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. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded down $0.44 during trading hours on Wednesday, hitting $27.66. The stock had a trading volume of 1,930,928 shares, compared to its average volume of 1,466,598. The stock's fifty day simple moving average is $25.55 and its 200 day simple moving average is $19.62. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $28.34. The firm has a market capitalization of $3.64 billion and a price-to-earnings ratio of -58.33. 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 (NYSE:AHR - Get Free Report) last posted 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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The company's revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT's payout ratio is -208.33%.

Wall Street Analyst Weigh In

AHR has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. JMP Securities boosted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. Bank of America increased their price objective 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. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.13.

American Healthcare REIT Company Profile

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.