Harbour Capital Advisors LLC Boosts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Harbour Capital Advisors LLC boosted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 100.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,715 shares of the company’s stock after purchasing an additional 16,920 shares during the quarter. Harbour Capital Advisors LLC’s holdings in American Healthcare REIT were worth $950,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AHR. Bank of New York Mellon Corp purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $3,367,000. Commonwealth Equity Services LLC raised its position in American Healthcare REIT by 11.8% during the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after purchasing an additional 2,429 shares during the period. Rhumbline Advisers bought a new stake in American Healthcare REIT in the second quarter worth $1,503,000. Arizona State Retirement System purchased a new stake in shares of American Healthcare REIT in the second quarter valued at $267,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth about $1,227,000. Institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

AHR has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Bank of America boosted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Stock Down 2.2 %

AHR stock traded down $0.61 during trading on Monday, reaching $26.61. 553,626 shares of the company traded hands, compared to its average volume of 1,079,225. The business has a 50 day simple moving average of $27.91 and a 200 day simple moving average of $23.35. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. 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 company has a market capitalization of $4.07 billion and a price-to-earnings ratio of -55.44.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. American Healthcare REIT’s dividend payout ratio is presently -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.