Franchise Capital Ltd Makes New $75,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Franchise Capital Ltd bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 1st quarter, Holdings Channel reports. The firm bought 2,475 shares of the company’s stock, valued at approximately $75,000. American Healthcare REIT accounts for about 0.0% of Franchise Capital Ltd’s investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AHR. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased its position in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of American Healthcare REIT in the fourth quarter worth about $39,000. Indiana Trust & Investment Management Co acquired a new position in shares of American Healthcare REIT during the fourth quarter worth approximately $57,000. Finally, Assetmark Inc. increased its holdings in shares of American Healthcare REIT by 330.8% in the fourth quarter. Assetmark Inc. now owns 2,615 shares of the company’s stock valued at $74,000 after purchasing an additional 2,008 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

Shares of AHR opened at $34.71 on Thursday. The stock has a market cap of $5.54 billion, a P/E ratio of -72.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 1 year low of $13.89 and a 1 year high of $35.97. The stock’s 50-day moving average price is $31.61 and its two-hundred day moving average price is $29.55. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 EPS. On average, equities analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Analyst Ratings Changes

Several research analysts have issued reports on AHR shares. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, May 20th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, KeyCorp reduced their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $35.00.

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.