GAMMA Investing LLC Acquires 504 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

GAMMA Investing LLC increased its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 104.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 988 shares of the company’s stock after purchasing an additional 504 shares during the quarter. GAMMA Investing LLC’s holdings in American Healthcare REIT were worth $28,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AHR. Principal Financial Group Inc. boosted its holdings in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the period. Wellington Management Group LLP boosted its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares during the period. State Street Corp boosted its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the period. FMR LLC purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $56,575,000. Finally, Commonwealth Equity Services LLC raised its stake in American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after purchasing an additional 1,582,426 shares during the period. 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 $27.36 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The business’s 50 day moving average is $27.97 and its two-hundred day moving average is $23.53. The company has a market capitalization of $4.19 billion and a P/E ratio of -57.00.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 1.84% and a negative return on equity of 1.87%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

Wall Street Analysts Forecast Growth

AHR has been the topic of several research analyst reports. Bank of America boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JMP Securities increased 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. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Morgan Stanley boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Finally, Truist Financial raised their price target on 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 given a buy rating to the company. Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Moderate Buy” and a consensus 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.