Metis Global Partners LLC Buys Shares of 13,557 American Healthcare REIT, Inc. (NYSE:AHR)

Metis Global Partners LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 13,557 shares of the company’s stock, valued at approximately $354,000.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after purchasing an additional 654 shares during the period. Kozak & Associates Inc. bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $48,000. KBC Group NV bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $51,000. Finally, Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the second quarter valued at approximately $30,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 1.0 %

Shares of NYSE:AHR opened at $27.45 on Tuesday. The firm has a 50 day simple moving average of $25.35 and a 200 day simple moving average of $19.43. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $27.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.29 and a current ratio of 0.37. The company has a market cap of $3.61 billion and a PE ratio of -57.19.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (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 analysts’ expectations of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced 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 yield of 3.64%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AHR shares. Truist Financial increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities raised their target price 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. KeyCorp boosted 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 report on Monday, September 16th. Morgan Stanley raised 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 report on Thursday, August 22nd. Finally, Bank of America boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a 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, the company currently has a consensus rating of “Moderate Buy” and an average 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.