10,769 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Bought by Elios Financial Group Inc.

Elios Financial Group Inc. acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,769 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Manning & Napier Advisors LLC acquired a new stake in American Healthcare REIT in the second quarter worth $3,317,000. Foundations Investment Advisors LLC bought a new position in American Healthcare REIT in the third quarter worth approximately $568,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in American Healthcare REIT by 116.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company’s stock valued at $16,513,000 after acquiring an additional 608,656 shares during the period. Hilton Capital Management LLC bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $4,777,000. Finally, Renaissance Technologies LLC bought a new position in shares of American Healthcare REIT in the 2nd quarter worth $3,821,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Morgan Stanley lifted their price target 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. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada raised 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Trading Up 1.3 %

Shares of AHR stock opened at $28.96 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.43 billion and a P/E ratio of -60.33. The company has a 50 day moving average of $25.91 and a 200-day moving average of $20.03. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.15.

American Healthcare REIT (NYSE:AHR) last issued its earnings results 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 firm had revenue of $523.81 million during the quarter, compared to the consensus estimate 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 business’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. American Healthcare REIT’s payout ratio is -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.