Thrivent Financial for Lutherans Buys Shares of 82,242 American Healthcare REIT, Inc. (NYSE:AHR)

Thrivent Financial for Lutherans bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 82,242 shares of the company’s stock, valued at approximately $1,202,000. Thrivent Financial for Lutherans owned about 0.06% of American Healthcare REIT as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new stake in American Healthcare REIT in the second quarter valued at approximately $33,000. Commonwealth Equity Services LLC lifted its stake in shares of American Healthcare REIT by 11.8% in the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock worth $336,000 after buying an additional 2,429 shares during the last quarter. Peak Financial Advisors LLC lifted its stake in shares of American Healthcare REIT by 10.4% in the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock worth $455,000 after buying an additional 2,921 shares during the last quarter. Chilton Capital Management LLC lifted its stake in shares of American Healthcare REIT by 0.7% in the second quarter. Chilton Capital Management LLC now owns 519,321 shares of the company’s stock worth $7,698,000 after buying an additional 3,840 shares during the last quarter. Finally, CWM LLC acquired a new stake in shares of American Healthcare REIT in the second quarter worth $58,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $25.05 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The company’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $16.90. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $26.77.

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). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s revenue was up 7.9% on a year-over-year basis. Analysts anticipate that American Healthcare REIT, Inc. will post 1.29 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AHR shares. Truist Financial boosted their price objective 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, September 20th. JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley upped their target price on shares of 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, Bank of America upped their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.