Fiduciary Alliance LLC Boosts Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Fiduciary Alliance LLC raised its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 8.0% during the fourth quarter, Holdings Channel reports. The fund owned 10,170 shares of the company’s stock after buying an additional 754 shares during the period. Fiduciary Alliance LLC’s holdings in American Healthcare REIT were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings 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 worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Wellington Management Group LLP increased its position in 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 buying an additional 2,747,960 shares during the last quarter. State Street Corp raised 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 valued at $96,473,000 after buying an additional 2,538,177 shares during the period. FMR LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter valued at $56,575,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of 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 worth $41,902,000 after acquiring an additional 1,582,426 shares during the period. 16.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AHR. Royal Bank of Canada boosted their price objective on 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 boosted 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. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. JMP Securities lifted 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 research note on Friday, September 20th. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Up 0.8 %

AHR opened at $27.36 on Wednesday. The firm has a market capitalization of $4.19 billion and a P/E ratio of -57.00. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. The company has a fifty day moving average price of $27.97 and a 200-day moving average price of $23.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last posted 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). 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 for the quarter, compared to analysts’ expectations of $474.26 million. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share 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. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.65%. American Healthcare REIT’s payout ratio is presently -208.33%.

About American Healthcare REIT

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.