Hilton Capital Management LLC Invests $4.78 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Hilton Capital Management LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 183,039 shares of the company’s stock, valued at approximately $4,777,000.

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

American Healthcare REIT Stock Up 2.4 %

NYSE:AHR opened at $28.10 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $28.34. The company has a market cap of $3.70 billion and a PE ratio of -58.54. The company’s 50 day moving average is $25.45 and its two-hundred day moving average is $19.52.

American Healthcare REIT (NYSE:AHR) last announced its quarterly 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). The company had revenue of $523.81 million for the quarter, compared to analyst estimates 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. Analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.56%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AHR shares. Truist Financial upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Bank of America upped their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, JMP Securities boosted 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 report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

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.