BNP Paribas Financial Markets Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

BNP Paribas Financial Markets raised its position in American Healthcare REIT, Inc. (NYSE:AHR) by 480.5% during the fourth quarter, HoldingsChannel reports. The firm owned 98,883 shares of the company’s stock after purchasing an additional 81,848 shares during the period. BNP Paribas Financial Markets’ holdings in American Healthcare REIT were worth $2,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AHR. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $29,000. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $29,000. Decker Retirement Planning Inc. acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $37,000. Fifth Third Bancorp acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $39,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in shares of American Healthcare REIT in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR opened at $34.98 on Friday. 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, Inc. has a one year low of $13.67 and a one year high of $35.32. The business’s 50-day simple moving average is $30.65 and its 200 day simple moving average is $29.02. The company has a market cap of $5.51 billion, a P/E ratio of -72.88, a PEG ratio of 1.57 and a beta of 1.40.

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

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.86%. The ex-dividend date was Monday, March 31st. American Healthcare REIT’s payout ratio is currently -370.37%.

Analyst Upgrades and Downgrades

AHR has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They issued a “buy” rating and a $37.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, KeyCorp reduced their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $33.86.

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.