American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,915 shares of the company’s stock after purchasing an additional 533 shares during the period. Janney Montgomery Scott LLC’s holdings in American Healthcare REIT were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at $352,000. Park Avenue Securities LLC acquired a new position in American Healthcare REIT in the third quarter valued at $286,000. Brookstone Capital Management purchased a new stake in shares of American Healthcare REIT in the third quarter valued at about $209,000. Sound Income Strategies LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $155,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of American Healthcare REIT during the third quarter worth about $246,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 2.8 %

Shares of AHR stock opened at $28.48 on Tuesday. The business’s fifty day moving average price is $28.34 and its 200 day moving average price is $25.15. The firm has a market capitalization of $4.36 billion and a PE ratio of -59.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $29.99.

American Healthcare REIT (NYSE:AHR) 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 return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.51%. American Healthcare REIT’s payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AHR. Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Truist Financial boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada increased their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.