Nwam LLC Acquires Shares of 8,868 American Healthcare REIT, Inc. (NYSE:AHR)

Nwam LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,868 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock worth $49,798,000 after purchasing an additional 1,034,365 shares in the last quarter. Land & Buildings Investment Management LLC grew its stake in shares of American Healthcare REIT by 19.3% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after buying an additional 290,740 shares during the last quarter. Commonwealth Equity Services LLC increased its position in American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Finally, Goldentree Asset Management LP bought a new stake in American Healthcare REIT in the first quarter worth $22,125,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Up 1.3 %

NYSE:AHR opened at $28.96 on Tuesday. The company has a market cap of $4.43 billion and a PE ratio of -60.33. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $25.82 and a two-hundred day simple moving average of $19.92. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.15.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data 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 firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AHR. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America raised their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

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.