Prospera Financial Services Inc Purchases Shares of 18,702 American Healthcare REIT, Inc. (NYSE:AHR)

Prospera Financial Services Inc purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,702 shares of the company's stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the second quarter worth about $33,000. Tidemark LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $44,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in American Healthcare REIT during the 2nd quarter worth approximately $45,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded up $0.23 during mid-day trading on Friday, reaching $28.58. 2,157,447 shares of the company were exchanged, compared to its average volume of 1,696,037. The stock has a market capitalization of $4.37 billion and a P/E ratio of -59.54. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company's 50-day simple moving average is $25.82 and its 200-day simple moving average is $19.88. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $28.68.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.50%. American Healthcare REIT's dividend payout ratio is -208.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AHR. Royal Bank of Canada lifted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. JMP Securities increased their target price 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. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. KeyCorp boosted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. One equities research 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 a consensus price target of $25.13.

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.