American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 15.9% during the third quarter, Holdings Channel reports. The firm owned 917,636 shares of the company’s stock after purchasing an additional 125,641 shares during the period. JPMorgan Chase & Co.’s holdings in American Healthcare REIT were worth $23,950,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AHR. Charles Schwab Investment Management Inc. lifted its position 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 valued at $49,798,000 after buying an additional 1,034,365 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after acquiring an additional 41,755 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in American Healthcare REIT during the 3rd quarter worth $568,000. Swiss National Bank boosted its position in American Healthcare REIT by 126.6% during the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock worth $7,606,000 after purchasing an additional 162,800 shares during the period. Finally, Hilton Capital Management LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at $4,777,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 2.3 %

Shares of NYSE:AHR opened at $28.29 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $4.33 billion and a price-to-earnings ratio of -58.94. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The company has a 50 day moving average price of $27.83 and a 200 day moving average price of $23.07.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Tuesday, December 31st. American Healthcare REIT’s payout ratio is presently -208.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped 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. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Morgan Stanley boosted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.