Bank of New York Mellon Corp Buys New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Bank of New York Mellon Corp purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 230,427 shares of the company’s stock, valued at approximately $3,367,000. Bank of New York Mellon Corp owned 0.18% of American Healthcare REIT as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC acquired a new position in American Healthcare REIT during the second quarter worth $58,000. SG Americas Securities LLC acquired a new position in shares of American Healthcare REIT during the 2nd quarter worth about $189,000. Virtu Financial LLC purchased a new position in American Healthcare REIT in the 1st quarter valued at about $308,000. Kodai Capital Management LP acquired a new stake in American Healthcare REIT in the 1st quarter worth about $336,000. Finally, Peak Financial Advisors LLC purchased a new stake in American Healthcare REIT during the 1st quarter worth approximately $416,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AHR shares. Bank of America raised their target price on American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, JMP Securities increased their target price on shares of American Healthcare REIT from $16.00 to $18.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

American Healthcare REIT Trading Up 3.8 %

Shares of AHR opened at $24.58 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 firm has a 50-day moving average price of $18.52 and a 200 day moving average price of $15.68. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $24.67.

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 analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend 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.