3,096 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,096 shares of the company’s stock, valued at approximately $45,000.

Several other large investors also recently modified their holdings of AHR. Land & Buildings Investment Management LLC lifted its holdings in American Healthcare REIT by 19.3% in the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after buying an additional 290,740 shares during the period. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT in the second quarter worth about $30,000. Thrivent Financial for Lutherans purchased a new stake in American Healthcare REIT in the second quarter worth about $1,202,000. Concorde Asset Management LLC purchased a new stake in American Healthcare REIT in the second quarter worth about $184,000. Finally, Amalgamated Bank purchased a new stake in American Healthcare REIT in the second quarter worth about $33,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR opened at $26.20 on Wednesday. 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 of $19.82 and a 200 day moving average of $16.26. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month 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 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 firm had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s quarterly revenue was up 7.9% compared to the same quarter last year. Analysts predict that American Healthcare REIT, Inc. will post 1.28 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced 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 yield of 3.82%. The ex-dividend date is Friday, September 20th.

Analyst Upgrades and Downgrades

AHR has been the subject of several research analyst reports. JMP Securities raised 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 report on Friday, September 20th. 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. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Bank of America lifted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average 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.