Harvest Fund Management Co. Ltd Invests $203,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Harvest Fund Management Co. Ltd purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,796 shares of the company’s stock, valued at approximately $203,000.

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

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $29.57 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $26.11 and a 200 day moving average price of $20.20. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.81. The stock has a market cap of $4.53 billion and a P/E ratio of -61.60.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm’s revenue was up 12.8% on a year-over-year basis. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AHR. JMP Securities upped their price objective 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. Morgan Stanley upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Royal Bank of Canada increased their target price 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, Bank of America lifted their price target 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price 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.