American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 19.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,797,400 shares of the company’s stock after purchasing an additional 290,740 shares during the period. American Healthcare REIT accounts for approximately 6.2% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 7th largest holding. Land & Buildings Investment Management LLC owned approximately 1.37% of American Healthcare REIT worth $26,260,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Manning & Napier Advisors LLC purchased a new stake in American Healthcare REIT in the 2nd quarter valued at approximately $3,317,000. Quadrature Capital Ltd purchased a new stake in shares of American Healthcare REIT in the first quarter valued at $914,000. Centersquare Investment Management LLC acquired a new stake in shares of American Healthcare REIT during the first quarter valued at $63,269,000. Capstone Investment Advisors LLC purchased a new stake in American Healthcare REIT during the 1st quarter worth about $1,201,000. Finally, Sei Investments Co. acquired a new position in American Healthcare REIT in the 1st quarter valued at about $2,967,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AHR shares. Truist Financial raised their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley raised their target price 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. JMP Securities boosted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday. Bank of America increased their price target on American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

American Healthcare REIT Stock Up 1.4 %

Shares of AHR opened at $26.03 on Tuesday. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $26.77. 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 fifty day simple moving average is $19.63 and its 200 day simple moving average is $16.17.

American Healthcare REIT (NYSE:AHR) last released 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). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.28 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders 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 dividend on an annualized basis and a yield of 3.84%.

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.