JPMorgan Chase & Co. Buys 125,641 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

JPMorgan Chase & Co. raised its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 15.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 917,636 shares of the company’s stock after acquiring an additional 125,641 shares during the period. JPMorgan Chase & Co. owned approximately 0.60% of American Healthcare REIT worth $23,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of American Healthcare REIT during the second quarter valued at approximately $3,367,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of American Healthcare REIT during the 2nd quarter worth approximately $110,000. Commonwealth Equity Services LLC boosted its holdings in American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after acquiring an additional 2,429 shares during the period. Rhumbline Advisers bought a new position in American Healthcare REIT in the 2nd quarter valued at $1,503,000. Finally, Arizona State Retirement System bought a new position in American Healthcare REIT in the 2nd quarter valued at $267,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. 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 note on Tuesday, September 24th. Royal Bank of Canada increased their price objective 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 company a “market outperform” rating in a research report on Friday, September 20th. Finally, KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $28.29 on Thursday. The firm has a market capitalization of $4.33 billion and a P/E ratio of -58.94. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The firm’s 50 day moving average is $27.83 and its two-hundred day moving average is $23.07.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.8% on a year-over-year basis. Research analysts forecast that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.53%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

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.