Sanctuary Advisors LLC Makes New $293,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Sanctuary Advisors LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,261 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the 2nd quarter valued at about $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $33,000. Quarry LP acquired a new stake in American Healthcare REIT during the third quarter worth about $33,000. Finally, Tidemark LLC acquired a new stake in American Healthcare REIT during the third quarter worth about $44,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.5 %

Shares of AHR stock opened at $28.48 on Friday. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The company has a 50 day moving average price of $27.48 and a 200 day moving average price of $22.36. The stock has a market capitalization of $4.36 billion and a P/E ratio of -59.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.51%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America increased 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 note 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. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. KeyCorp increased their price target on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Truist Financial boosted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average 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.