Principal Financial Group Inc. Has $247.65 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

by · The Cerbat Gem

Principal Financial Group Inc. lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) by 54.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,488,750 shares of the company’s stock after purchasing an additional 3,330,714 shares during the quarter. Principal Financial Group Inc. owned approximately 0.07% of American Healthcare REIT worth $247,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in American Healthcare REIT during the first quarter worth $7,694,000. Chilton Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $7,679,000. Sei Investments Co. bought a new stake in American Healthcare REIT in the first quarter valued at about $2,967,000. Russell Investments Group Ltd. acquired a new position in American Healthcare REIT in the first quarter worth about $20,381,000. Finally, Centersquare Investment Management LLC acquired a new stake in American Healthcare REIT during the first quarter valued at approximately $63,269,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

Shares of AHR stock opened at $26.31 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $24.75 and its 200-day moving average is $18.81. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $27.21.

American Healthcare REIT (NYSE:AHR – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.80%.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of recent research reports. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, 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 note on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Check Out Our Latest Analysis on AHR

American Healthcare REIT Company Profile

(Free Report)

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.

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