JPMorgan Chase & Co. Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

JPMorgan Chase & Co. grew its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 15.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 917,636 shares of the company's stock after buying an additional 125,641 shares during the period. JPMorgan Chase & Co. owned approximately 0.60% of American Healthcare REIT worth $23,950,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in American Healthcare REIT in the second quarter worth $3,367,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in American Healthcare REIT in the 2nd quarter valued at about $110,000. Commonwealth Equity Services LLC raised its stake in American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company's stock worth $336,000 after buying an additional 2,429 shares during the period. Rhumbline Advisers bought a new position in American Healthcare REIT in the second quarter worth approximately $1,503,000. Finally, Arizona State Retirement System acquired a new stake in American Healthcare REIT in the second quarter valued at approximately $267,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

AHR stock traded up $0.64 during midday trading on Thursday, hitting $28.29. The company's stock had a trading volume of 1,110,203 shares, compared to its average volume of 1,173,621. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a market cap of $4.33 billion and a price-to-earnings ratio of -58.94. The stock's 50-day moving average price is $27.85 and its 200 day moving average price is $23.11. 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 posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.53%. American Healthcare REIT's payout ratio is -208.33%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, December 30th. JMP Securities upped 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 report on Friday, September 20th. Bank of America lifted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.00.

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.