Arete Wealth Advisors LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Arete Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,260 shares of the company’s stock, valued at approximately $1,352,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in shares of American Healthcare REIT during the second quarter valued at approximately $3,317,000. Foundations Investment Advisors LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at $568,000. Hilton Capital Management LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at $4,777,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in American Healthcare REIT by 116.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company’s stock worth $16,513,000 after purchasing an additional 608,656 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of American Healthcare REIT in the 2nd quarter worth about $3,821,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $4.56 billion and a price-to-earnings ratio of -62.14. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99. The firm’s 50-day moving average is $26.28 and its 200 day moving average is $20.38.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results 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). The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently declared 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 3.35%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

AHR has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. JMP Securities increased 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. Truist Financial lifted their price target 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. Morgan Stanley increased their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Bank of America raised their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

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.