American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,015 shares of the company’s stock after buying an additional 2,429 shares during the quarter. Commonwealth Equity Services LLC’s holdings in American Healthcare REIT were worth $336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $58,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of American Healthcare REIT during the 2nd quarter valued at approximately $110,000. SG Americas Securities LLC purchased a new position in American Healthcare REIT in the second quarter worth approximately $189,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in American Healthcare REIT during the second quarter worth $217,000. Finally, Virtu Financial LLC purchased a new stake in American Healthcare REIT in the first quarter valued at $308,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of research analyst reports. 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 report on Tuesday, August 20th. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Truist Financial upped their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $26.03 on Tuesday. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $26.77. The company has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $16.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

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

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, September 20th.

American Healthcare REIT Company 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.