Indiana Trust & Investment Management Co Purchases New Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Indiana Trust & Investment Management Co acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,012 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also made changes to their positions in AHR. Principal Financial Group Inc. raised its stake in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of American Healthcare REIT by 25.7% during the third 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 holdings in shares of American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares in the last quarter. FMR LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $56,575,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AHR. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. 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 report on Monday, November 18th. Finally, Truist Financial lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Price Performance

Shares of AHR opened at $27.51 on Wednesday. The firm has a 50-day simple moving average of $28.33 and a two-hundred day simple moving average of $25.23. The stock has a market cap of $4.21 billion and a PE ratio of -57.31. American Healthcare REIT, Inc. has a 1-year low of $12.81 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 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 net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The company’s revenue was up 12.8% on a year-over-year basis. 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 paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. American Healthcare REIT’s payout ratio is -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.