Victory Capital Management Inc. Invests $437,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Victory Capital Management Inc. acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, HoldingsChannel reports. The institutional investor acquired 16,730 shares of the company’s stock, valued at approximately $437,000.

A number of other large investors have also recently made changes to their positions in AHR. Principal Financial Group Inc. lifted its stake in shares of 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 valued at $247,654,000 after purchasing an additional 3,330,714 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of American Healthcare REIT by 6,875.6% in 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. Vanguard Group Inc. purchased a new position in shares of American Healthcare REIT in the 1st quarter valued at approximately $16,205,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of 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 valued at $16,513,000 after purchasing an additional 608,656 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new position in shares of American Healthcare REIT in the 2nd quarter valued at approximately $5,149,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Up 0.9 %

AHR stock opened at $29.83 on Friday. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The business has a fifty day moving average price of $26.28 and a 200-day moving average price of $20.38. 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 capitalization of $4.57 billion and a P/E ratio of -62.14.

American Healthcare REIT (NYSE:AHR) last posted 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). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share 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%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AHR shares. Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Truist Financial lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.