Strategic Blueprint LLC Decreases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Strategic Blueprint LLC decreased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,622 shares of the company’s stock after selling 3,794 shares during the quarter. Strategic Blueprint LLC’s holdings in American Healthcare REIT were worth $615,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in American Healthcare REIT by 118.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after acquiring an additional 1,034,365 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock worth $2,456,000 after purchasing an additional 41,755 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $568,000. Swiss National Bank increased its holdings in shares of American Healthcare REIT by 126.6% in the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after purchasing an additional 162,800 shares during the last quarter. Finally, Hilton Capital Management LLC purchased a new position in American Healthcare REIT during the third quarter worth approximately $4,777,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Healthcare REIT Price Performance

Shares of AHR opened at $28.28 on Friday. The firm has a 50-day simple moving average of $28.38 and a two-hundred day simple moving average of $24.59. The stock has a market cap of $4.33 billion and a PE ratio of -58.91. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. 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 announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

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.