Foundations Investment Advisors LLC Invests $568,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Foundations Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,744 shares of the company’s stock, valued at approximately $568,000.

Several other large investors also recently added to or reduced their stakes in the stock. Centersquare Investment Management LLC purchased a new position in shares of American Healthcare REIT during the first quarter worth approximately $63,269,000. V3 Capital Management L.P. purchased a new position in American Healthcare REIT during the 1st quarter worth $42,337,000. Commonwealth Equity Services LLC raised its position in American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. Goldentree Asset Management LP purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in shares of American Healthcare REIT during the 1st quarter worth $20,381,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AHR. JMP Securities lifted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Morgan Stanley upped their price target 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 lifted their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Truist Financial lifted their price target on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Down 0.1 %

American Healthcare REIT stock opened at $25.87 on Friday. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $26.77. The business has a fifty day moving average price of $23.72 and a 200-day moving average price of $18.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results 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 business had revenue of $504.60 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%.

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.