Hilton Capital Management LLC Acquires Shares of 183,039 American Healthcare REIT, Inc. (NYSE:AHR)

Hilton Capital Management LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 183,039 shares of the company’s stock, valued at approximately $4,777,000. Hilton Capital Management LLC owned about 0.14% of American Healthcare REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of AHR. Kozak & Associates Inc. purchased a new position in American Healthcare REIT in the 3rd quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at $30,000. Amalgamated Bank bought a new stake in American Healthcare REIT during the second quarter worth about $33,000. Tidemark LLC bought a new stake in American Healthcare REIT in the 3rd quarter worth approximately $44,000. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of American Healthcare REIT during the second quarter worth approximately $45,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 2.4 %

AHR opened at $28.10 on Wednesday. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $28.34. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $25.45 and a 200-day moving average price of $19.52. The stock has a market capitalization of $3.70 billion and a price-to-earnings ratio of -58.54.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.56%. American Healthcare REIT’s payout ratio is -208.33%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JMP Securities upped their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Truist Financial upped their price objective 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. Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Colliers Securities raised 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 lifted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.13.

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.