American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC decreased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,324 shares of the company’s stock after selling 17,073 shares during the quarter. American Healthcare REIT comprises about 1.1% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Cobblestone Asset Management LLC’s holdings in American Healthcare REIT were worth $1,629,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares during the period. Principal Financial Group Inc. raised its stake in shares of American Healthcare REIT by 54.1% during the third 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 in the last quarter. State Street Corp grew its position in American Healthcare REIT by 221.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its position in American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of American Healthcare REIT during the third quarter valued at approximately $56,575,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AHR. Truist Financial lifted their price objective on shares of 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 raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Royal Bank of Canada increased 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, November 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Up 0.7 %

Shares of NYSE AHR opened at $28.91 on Monday. The business has a fifty day simple moving average of $28.29 and a 200 day simple moving average of $24.26. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. 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 announced its quarterly 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). The company had revenue of $523.81 million during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

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.