Harvest Fund Management Co. Ltd Buys New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Harvest Fund Management Co. Ltd purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,796 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter worth about $28,000. Tidemark LLC purchased a new stake in American Healthcare REIT during the third quarter worth about $44,000. Kessler Investment Group LLC purchased a new stake in American Healthcare REIT during the third quarter worth about $48,000. KBC Group NV acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $51,000. Finally, Kiely Wealth Advisory Group Inc. purchased a new position in shares of American Healthcare REIT in the second quarter valued at approximately $30,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $29.57 on Thursday. The stock’s 50-day simple moving average is $26.11 and its 200-day simple moving average is $20.20. The firm has a market capitalization of $4.53 billion and a PE ratio of -61.60. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $523.81 million for 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. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.38%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

Analyst Ratings Changes

AHR has been the topic of several recent research reports. KeyCorp upped their target price 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. JMP Securities increased their price objective on 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. Truist Financial boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Bank of America boosted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.