Mutual of America Capital Management LLC Makes New $5.15 Million Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Mutual of America Capital Management LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 352,422 shares of the company’s stock, valued at approximately $5,149,000. Mutual of America Capital Management LLC owned 0.27% of American Healthcare REIT at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. bought a new position in American Healthcare REIT in the 1st quarter valued at about $88,504,000. Centersquare Investment Management LLC bought a new position in shares of American Healthcare REIT during the first quarter worth approximately $63,269,000. V3 Capital Management L.P. acquired a new stake in American Healthcare REIT during the 1st quarter worth approximately $42,337,000. Goldentree Asset Management LP bought a new stake in American Healthcare REIT in the 1st quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. acquired a new position in American Healthcare REIT in the 1st quarter valued at $20,381,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of research reports. Bank of America lifted their target price on American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. JMP Securities raised 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. Morgan Stanley boosted their price target 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, Truist Financial increased their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

American Healthcare REIT Stock Up 2.0 %

NYSE:AHR opened at $25.68 on Friday. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $26.32. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $19.44 and its 200 day simple moving average is $16.07.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). The company had revenue of $504.60 million for 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 firm’s revenue was up 7.9% on a year-over-year basis. Equities analysts predict that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, September 20th.

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.