OneDigital Investment Advisors LLC Takes $3.56 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

OneDigital Investment Advisors LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 136,331 shares of the company’s stock, valued at approximately $3,558,000. OneDigital Investment Advisors LLC owned approximately 0.10% of American Healthcare REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $2,967,000. Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $16,205,000. Nicola Wealth Management LTD. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $1,106,000. Quadrature Capital Ltd acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $914,000. Finally, V3 Capital Management L.P. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $42,337,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AHR. Bank of America raised their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. JMP Securities lifted their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. 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. Finally, Morgan Stanley upped their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.25.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $27.18 on Friday. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.77. The firm has a fifty day moving average of $25.24 and a 200-day moving average of $19.25. The firm has a market capitalization of $3.58 billion and a P/E ratio of -56.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data 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). The business had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. American Healthcare REIT’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio 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.