American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in American Healthcare REIT, Inc. (NYSE:AHR) by 65.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 394,897 shares of the company’s stock after selling 735,369 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.30% of American Healthcare REIT worth $10,307,000 at the end of the most recent reporting period.

Other hedge funds have 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 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the last quarter. V3 Capital Management L.P. acquired a new stake in shares of American Healthcare REIT in the 1st quarter worth $42,337,000. Commonwealth Equity Services LLC increased its stake in shares of American Healthcare REIT by 6,875.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the last quarter. Goldentree Asset Management LP acquired a new stake in shares of American Healthcare REIT in the 1st quarter worth $22,125,000. Finally, Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT in the 1st quarter worth $16,205,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AHR. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. 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 report on Friday. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. JMP Securities lifted their price objective 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. Finally, Morgan Stanley lifted their price objective 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.25.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $27.18 on Monday. The firm has a market capitalization of $3.58 billion and a PE ratio of -56.63. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The stock’s 50-day simple moving average is $25.35 and its 200-day simple moving average is $19.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.29 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its quarterly 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). The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued 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 was Friday, September 20th. American Healthcare REIT’s payout ratio is currently -208.33%.

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.