Creative Planning Makes New $1.05 Million Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Creative Planning bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,047 shares of the company’s stock, valued at approximately $1,045,000.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of American Healthcare REIT in the 1st quarter valued at $7,694,000. Capstone Investment Advisors LLC purchased a new stake in shares of American Healthcare REIT in the 1st quarter valued at $1,201,000. Daiwa Securities Group Inc. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $3,562,000. Chilton Capital Management LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $7,679,000. Finally, Sei Investments Co. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $2,967,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AHR. KeyCorp boosted 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. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Morgan Stanley upped their price objective 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. Bank of America upped their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research 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 report on Friday, September 20th. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

American Healthcare REIT Stock Down 1.4 %

Shares of AHR opened at $26.60 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The company’s 50 day simple moving average is $24.13 and its 200-day simple moving average is $18.32. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $27.21.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share 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 analysts’ expectations 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. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was 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.