Sumitomo Mitsui DS Asset Management Company Ltd Has $878,000 Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,895 shares of the company’s stock after buying an additional 4,090 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Healthcare REIT were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in American Healthcare REIT during the 2nd quarter worth $352,000. Brookstone Capital Management acquired a new stake in American Healthcare REIT in the 3rd quarter valued at approximately $209,000. Fiduciary Alliance LLC bought a new position in American Healthcare REIT in the 3rd quarter worth approximately $246,000. Creative Planning acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $1,045,000. Finally, Regatta Capital Group LLC acquired a new stake in shares of American Healthcare REIT in the third quarter worth $448,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Price Performance

Shares of AHR stock opened at $27.51 on Wednesday. The stock’s fifty day simple moving average is $28.33 and its 200 day simple moving average is $25.23. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $29.99. The firm has a market cap of $4.21 billion and a price-to-earnings ratio of -57.31. 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 (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 the consensus estimate of $474.26 million. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AHR. Truist Financial increased their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

About American Healthcare REIT

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.