Focused Wealth Management Inc Makes New $621,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Focused Wealth Management Inc purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,789 shares of the company's stock, valued at approximately $621,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the 3rd quarter worth $28,000. Kessler Investment Group LLC purchased a new stake in American Healthcare REIT in the 3rd quarter valued at $48,000. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT in the 2nd quarter valued at $30,000. Creekmur Asset Management LLC purchased a new stake in American Healthcare REIT in the 3rd quarter valued at $54,000. Finally, Amalgamated Bank bought a new position in American Healthcare REIT in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of AHR stock traded down $0.67 during trading hours on Wednesday, hitting $25.14. 2,825,197 shares of the company's stock traded hands, compared to its average volume of 1,444,524. 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 stock's fifty day simple moving average is $24.64 and its two-hundred day simple moving average is $18.76. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $27.21.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). The company had revenue of $504.60 million during 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%. American Healthcare REIT's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently announced 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 of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.98%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. JMP Securities upped 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. 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 research note on Friday, September 20th. Finally, Morgan Stanley increased 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 note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.