KBC Group NV Acquires 4,949 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

KBC Group NV raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 251.6% in the fourth quarter, Holdings Channel reports. The firm owned 6,916 shares of the company’s stock after purchasing an additional 4,949 shares during the period. KBC Group NV’s holdings in American Healthcare REIT were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in shares of American Healthcare REIT in the 2nd quarter worth about $352,000. SG Americas Securities LLC boosted its stake in American Healthcare REIT by 184.0% in the third quarter. SG Americas Securities LLC now owns 36,778 shares of the company’s stock valued at $960,000 after acquiring an additional 23,827 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $286,000. Mather Group LLC. purchased a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $182,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $1,550,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AHR has been the subject of several research reports. Truist Financial increased their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Morgan Stanley lifted their target price on shares of 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Trading Down 0.7 %

Shares of American Healthcare REIT stock opened at $28.66 on Wednesday. The company’s 50-day moving average price is $28.36 and its 200-day moving average price is $24.88. 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, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The company has a market cap of $4.39 billion and a price-to-earnings ratio of -59.71.

American Healthcare REIT (NYSE:AHR) last posted 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). The firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations 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 company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

About American Healthcare REIT

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.