OneDigital Investment Advisors LLC acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 136,331 shares of the company's stock, valued at approximately $3,558,000. OneDigital Investment Advisors LLC owned 0.10% of American Healthcare REIT at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $2,967,000. Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $16,205,000. Nicola Wealth Management LTD. acquired a new stake in shares of American Healthcare REIT during the 1st quarter worth about $1,106,000. Quadrature Capital Ltd acquired a new position in American Healthcare REIT in the first quarter valued at about $914,000. Finally, V3 Capital Management L.P. bought a new stake in American Healthcare REIT during the first quarter worth about $42,337,000. Institutional investors and hedge funds own 16.68% of the company's stock.
Analyst Ratings Changes
AHR has been the subject of a number of recent analyst reports. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Truist Financial raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.25.
Check Out Our Latest Stock Analysis on American Healthcare REIT
American Healthcare REIT Trading Up 3.7 %
NYSE:AHR traded up $0.96 during mid-day trading on Friday, hitting $27.18. The company had a trading volume of 2,175,998 shares, compared to its average volume of 1,460,617. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The firm has a market cap of $3.58 billion and a P/E ratio of -56.63. The business's fifty day moving average is $25.35 and its two-hundred day moving average is $19.35.
American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its 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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The firm's revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT's dividend payout ratio is presently -208.33%.
American Healthcare REIT Company Profile
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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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