Cobblestone Asset Management LLC Lowers Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Cobblestone Asset Management LLC decreased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 22.9% during the 4th quarter, Holdings Channel reports. The firm owned 57,324 shares of the company’s stock after selling 17,073 shares during the period. American Healthcare REIT comprises about 1.1% of Cobblestone Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Cobblestone Asset Management LLC’s holdings in American Healthcare REIT were worth $1,629,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in AHR. Renaissance Technologies LLC bought a new position in shares of American Healthcare REIT during the second quarter valued at $3,821,000. Amalgamated Bank bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $33,000. Thrivent Financial for Lutherans bought a new stake in American Healthcare REIT during the second quarter valued at approximately $1,202,000. The Manufacturers Life Insurance Company bought a new position in American Healthcare REIT in the second quarter worth approximately $352,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of American Healthcare REIT during the 2nd quarter worth $2,246,000. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Price Performance

NYSE AHR opened at $28.91 on Monday. The company has a fifty day moving average of $28.29 and a 200 day moving average of $24.26. 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 1 year low of $12.63 and a 1 year high of $29.99.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $474.26 million. The business’s revenue was up 12.8% compared to the same quarter last year. On average, research 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 company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

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.