EverSource Wealth Advisors LLC Acquires Shares of 136,279 American Healthcare REIT, Inc. (NYSE:AHR)

EverSource Wealth Advisors LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, HoldingsChannel reports. The fund bought 136,279 shares of the company’s stock, valued at approximately $3,557,000.

Several other large investors have also recently bought and sold shares of the business. Sei Investments Co. acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $2,967,000. Vanguard Group Inc. acquired a new stake in American Healthcare REIT during the first quarter worth approximately $16,205,000. Quadrature Capital Ltd purchased a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $914,000. V3 Capital Management L.P. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $42,337,000. Finally, Kodai Capital Management LP purchased a new stake in American Healthcare REIT in the first quarter valued at $336,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

NYSE AHR traded up $0.10 on Wednesday, hitting $28.20. 351,640 shares of the company’s stock were exchanged, compared to its average volume of 1,458,139. 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 firm’s 50-day moving average price is $25.55 and its two-hundred day moving average price is $19.62. The firm has a market cap of $3.71 billion and a price-to-earnings ratio of -58.33. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $28.34.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.55%. American Healthcare REIT’s payout ratio is currently -208.33%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. KeyCorp increased their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. JMP Securities increased their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada boosted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.