EverSource Wealth Advisors LLC Invests $3.56 Million in American Healthcare REIT, Inc. (NYSE:AHR)

EverSource Wealth Advisors LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 136,279 shares of the company’s stock, valued at approximately $3,557,000. EverSource Wealth Advisors LLC owned about 0.10% of American Healthcare REIT as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilton Capital Management LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at about $4,777,000. Avior Wealth Management LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $65,000. Prospera Financial Services Inc acquired a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $488,000. Tidemark LLC purchased a new position in American Healthcare REIT during the third quarter worth approximately $44,000. Finally, Swiss National Bank increased its position in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock worth $7,606,000 after purchasing an additional 162,800 shares during the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 0.4 %

Shares of AHR traded up $0.10 during mid-day trading on Wednesday, hitting $28.20. 351,640 shares of the company’s stock were exchanged, compared to its average volume of 1,458,139. The stock’s 50-day moving average is $25.55 and its 200-day moving average is $19.62. 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 fifty-two week low of $12.63 and a fifty-two week high of $28.34. The company has a market cap of $3.71 billion and a price-to-earnings ratio of -58.33.

American Healthcare REIT (NYSE:AHR) last issued its quarterly 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). The business had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate 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 issued 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 3.55%. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

Analyst Ratings Changes

AHR has been the subject of several analyst reports. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note 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 research note on Tuesday, September 24th. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.13.

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.