Newbridge Financial Services Group Inc. Takes $133,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Newbridge Financial Services Group Inc. purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,665 shares of the company’s stock, valued at approximately $133,000.

A number of other institutional investors and hedge funds have also modified their holdings of AHR. Principal Financial Group Inc. boosted its position in 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 purchasing an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares in the last quarter. State Street Corp grew its stake in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after acquiring an additional 2,538,177 shares during the last quarter. FMR LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at about $56,575,000. Finally, Commonwealth Equity Services LLC raised its position 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 acquiring an additional 1,582,426 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

NYSE AHR opened at $29.30 on Monday. The business’s 50-day moving average price is $28.34 and its 200 day moving average price is $25.09. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $29.99. The company has a market capitalization of $4.48 billion and a PE ratio of -61.04.

American Healthcare REIT (NYSE:AHR) last released 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). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Royal Bank of Canada increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Truist Financial upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus 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.