Verition Fund Management LLC increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 56.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 237,914 shares of the company's stock after purchasing an additional 86,230 shares during the period. Verition Fund Management LLC owned 0.18% of American Healthcare REIT worth $6,210,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the period. FMR LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at $56,575,000. Commonwealth Equity Services LLC boosted its position in shares of American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock valued at $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. Vanguard Group Inc. acquired a new stake in American Healthcare REIT during the first quarter valued at approximately $16,205,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock worth $49,798,000 after buying an additional 1,034,365 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.
American Healthcare REIT Trading Down 0.2 %
NYSE:AHR traded down $0.06 during mid-day trading on Tuesday, hitting $28.90. The company had a trading volume of 1,752,300 shares, compared to its average volume of 2,199,255. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The business's fifty day moving average is $26.34 and its two-hundred day moving average is $20.57. 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 (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The business's quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.
American Healthcare REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. American Healthcare REIT's dividend payout ratio (DPR) is currently -208.33%.
Analysts Set New Price Targets
Several research firms recently weighed in on AHR. Bank of America upped their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. KeyCorp lifted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Finally, Truist Financial lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.13.
Check Out Our Latest Stock Analysis on American Healthcare REIT
American Healthcare REIT Profile
(
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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