American Healthcare REIT, Inc. (NYSE:AHR) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,790 shares of the company’s stock after purchasing an additional 3,066 shares during the quarter. Penserra Capital Management LLC’s holdings in American Healthcare REIT were worth $908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kozak & Associates Inc. acquired a new stake in shares of American Healthcare REIT in the 3rd quarter worth $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in American Healthcare REIT during the second quarter worth about $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT in the 2nd quarter valued at approximately $33,000. Tidemark LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth approximately $44,000. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $45,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 0.7 %

Shares of AHR opened at $29.57 on Thursday. 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, Inc. has a 1-year low of $12.63 and a 1-year high of $29.81. The stock has a market cap of $4.53 billion and a price-to-earnings ratio of -61.60. The firm has a 50 day simple moving average of $26.11 and a 200-day simple moving average of $20.20.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts forecast that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AHR shares. JMP Securities lifted their price target 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. Morgan Stanley increased their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada boosted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT 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.