Bleakley Financial Group LLC Makes New $525,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Bleakley Financial Group LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,123 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in American Healthcare REIT in the 2nd quarter worth about $3,317,000. Quadrature Capital Ltd purchased a new stake in shares of American Healthcare REIT in the first quarter worth approximately $914,000. Centersquare Investment Management LLC bought a new stake in shares of American Healthcare REIT during the 1st quarter worth approximately $63,269,000. Capstone Investment Advisors LLC purchased a new position in American Healthcare REIT during the 1st quarter valued at $1,201,000. Finally, Sei Investments Co. bought a new position in American Healthcare REIT in the 1st quarter valued at $2,967,000. Institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JMP Securities lifted their target price on 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. KeyCorp boosted their price objective 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. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Truist Financial increased their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Down 2.5 %

AHR opened at $24.59 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $23.14 and its two-hundred day moving average is $17.74. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $26.77.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data 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 return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%.

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.