Private Advisor Group LLC Purchases New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Private Advisor Group LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,698 shares of the company’s stock, valued at approximately $1,193,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at $28,000. Kessler Investment Group LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at $48,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT in the second quarter valued at $33,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at $45,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Bank of America increased their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. JMP Securities upped their price target 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 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 report on Thursday, August 22nd. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Truist Financial upped their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $26.60 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $27.21. The firm’s 50-day moving average is $24.13 and its two-hundred day moving average is $18.32.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, September 20th.

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.