KBC Group NV Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

KBC Group NV purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,967 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AHR. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT in the 2nd quarter valued at $33,000. Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the 2nd quarter worth $45,000. Finally, Kessler Investment Group LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth $48,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Trading Up 0.8 %

AHR opened at $28.58 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.37 billion and a P/E ratio of -59.54. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $28.68. The business has a fifty day simple moving average of $25.82 and a 200-day simple moving average of $19.84.

American Healthcare REIT (NYSE:AHR) last announced its 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). The firm had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of analyst reports. JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Royal Bank of Canada increased 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 note on Monday, November 18th. Bank of America lifted 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. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.