abrdn plc Has $29.22 Million Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

abrdn plc lessened its position in American Healthcare REIT, Inc. (NYSE:AHR) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,031,229 shares of the company’s stock after selling 20,468 shares during the period. abrdn plc owned approximately 0.67% of American Healthcare REIT worth $29,215,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AHR. The Manufacturers Life Insurance Company acquired a new stake in American Healthcare REIT in the second quarter valued at approximately $352,000. SG Americas Securities LLC grew its stake in American Healthcare REIT by 184.0% in the third quarter. SG Americas Securities LLC now owns 36,778 shares of the company’s stock valued at $960,000 after acquiring an additional 23,827 shares during the period. Park Avenue Securities LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $286,000. Mather Group LLC. purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $182,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $1,550,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR opened at $29.30 on Thursday. The firm has a market cap of $4.48 billion and a PE ratio of -61.05. The stock’s fifty day moving average price is $28.35 and its two-hundred day moving average price is $24.91. 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 $29.99.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. American Healthcare REIT’s payout ratio is -208.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AHR. Royal Bank of Canada lifted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Truist Financial lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

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.