Swiss National Bank Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

Swiss National Bank lifted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 126.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,400 shares of the company’s stock after buying an additional 162,800 shares during the period. Swiss National Bank owned approximately 0.22% of American Healthcare REIT worth $7,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AHR. Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after purchasing an additional 1,582,426 shares during the last quarter. Goldentree Asset Management LP purchased a new position in American Healthcare REIT in the first quarter worth about $22,125,000. Vanguard Group Inc. purchased a new position in American Healthcare REIT in the first quarter worth about $16,205,000. Finally, Lasalle Investment Management Securities LLC purchased a new position in American Healthcare REIT in the first quarter worth about $10,643,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AHR has been the topic of several research reports. 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 raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada raised their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, KeyCorp raised their price objective 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Up 1.3 %

Shares of AHR opened at $28.96 on Tuesday. The business’s 50 day moving average is $25.82 and its 200 day moving average is $19.92. The company has a market capitalization of $4.43 billion and a PE ratio of -59.54. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.15. 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) last issued its 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 net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. Research analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio is -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.