Concorde Asset Management LLC Purchases New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Concorde Asset Management LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $184,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC acquired a new stake in shares of American Healthcare REIT during the second quarter worth $3,317,000. Quadrature Capital Ltd acquired a new stake in shares of American Healthcare REIT during the first quarter worth $914,000. Centersquare Investment Management LLC acquired a new stake in shares of American Healthcare REIT during the first quarter worth $63,269,000. Capstone Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT during the first quarter worth $1,201,000. Finally, Sei Investments Co. acquired a new stake in shares of American Healthcare REIT during the first quarter worth $2,967,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of AHR opened at $25.41 on Friday. The firm has a 50-day moving average price of $19.24 and a 200 day moving average price of $15.97. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $25.92.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The company 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 was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%.

Analyst Ratings Changes

A number of analysts recently weighed in on AHR shares. KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Bank of America increased their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, JMP Securities increased their price objective on shares of American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $20.38.

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.