Tidemark LLC Invests $44,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Tidemark LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,704 shares of the company’s stock, valued at approximately $44,000.

Several other institutional investors have also recently added to or reduced their stakes in AHR. Principal Financial Group Inc. boosted its position 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 worth $247,654,000 after buying an additional 3,330,714 shares during the period. V3 Capital Management L.P. purchased a new position in American Healthcare REIT during the 1st quarter valued at about $42,337,000. Land & Buildings Investment Management LLC grew its position in American Healthcare REIT by 19.3% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after acquiring an additional 290,740 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after purchasing an additional 1,582,426 shares during the period. Finally, Goldentree Asset Management LP acquired a new stake in shares of American Healthcare REIT during the first quarter worth about $22,125,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Bank of America upped their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.25.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $27.18 on Monday. The business has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $19.39. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.77. The firm has a market cap of $3.58 billion and a PE ratio of -56.63. The company has a quick ratio of 0.29, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last issued its 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). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.68%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

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.