Heritage Family Offices LLP Decreases Position in American Healthcare REIT, Inc. (NYSE:AHR)

Heritage Family Offices LLP trimmed its position in American Healthcare REIT, Inc. (NYSE:AHR) by 41.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,881 shares of the company’s stock after selling 9,747 shares during the period. Heritage Family Offices LLP’s holdings in American Healthcare REIT were worth $394,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock worth $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC grew its stake in 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 valued at about $568,000. Swiss National Bank raised its holdings in American Healthcare REIT by 126.6% in the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after acquiring an additional 162,800 shares during the last quarter. Finally, Hilton Capital Management LLC purchased a new position in American Healthcare REIT in the 3rd quarter worth approximately $4,777,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $27.91 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 firm has a market cap of $4.27 billion and a P/E ratio of -58.15. The firm’s 50 day moving average price is $28.03 and its 200-day moving average price is $23.56. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $474.26 million. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.58%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AHR. Morgan Stanley upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Bank of America upped their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities raised their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Finally, Truist Financial lifted their price target on shares of 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT 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.