Nisa Investment Advisors LLC raised its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 82.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,405 shares of the company's stock after purchasing an additional 16,948 shares during the quarter. Nisa Investment Advisors LLC's holdings in American Healthcare REIT were worth $1,069,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AHR. Kozak & Associates Inc. bought a new stake in American Healthcare REIT in the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT in the third quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after buying an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT in the 4th quarter valued at about $29,000. Finally, Amalgamated Bank purchased a new stake in American Healthcare REIT in the 2nd quarter valued at $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. Truist Financial lifted 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. Morgan Stanley increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, December 30th. Finally, Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.00.
View Our Latest Report on AHR
American Healthcare REIT Price Performance
Shares of American Healthcare REIT stock traded down $0.46 on Friday, reaching $28.33. The stock had a trading volume of 822,060 shares, compared to its average volume of 1,108,919. The business's 50 day moving average is $28.37 and its two-hundred day moving average is $24.48. The company has a market cap of $4.34 billion and a P/E ratio of -58.78. The company has a current ratio of 0.37, a quick ratio of 0.37 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 $29.99.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million for 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 1.87%. American Healthcare REIT's revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's payout ratio is currently -208.33%.
About American Healthcare REIT
(
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.
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