Easterly Investment Partners LLC Buys Shares of 253,000 American Healthcare REIT, Inc. (NYSE:AHR)

Easterly Investment Partners LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 253,000 shares of the company's stock, valued at approximately $6,603,000. Easterly Investment Partners LLC owned 0.19% of American Healthcare REIT at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AHR. Kozak & Associates Inc. acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at about $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in American Healthcare REIT during the 2nd quarter valued at about $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT during the 2nd quarter valued at about $33,000. Semmax Financial Advisors Inc. acquired a new position in American Healthcare REIT during the 2nd quarter valued at about $45,000. Finally, Kessler Investment Group LLC acquired a new position in American Healthcare REIT during the 3rd quarter valued at about $48,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Trading Down 0.9 %

Shares of American Healthcare REIT stock traded down $0.23 during mid-day trading on Friday, hitting $26.08. 1,382,273 shares of the stock were exchanged, compared to its average volume of 1,445,317. 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 company has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $18.81. 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 posted its quarterly 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 the consensus estimate 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 firm's revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors 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 dividend on an annualized basis and a dividend yield of 3.83%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AHR shares. Morgan Stanley lifted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on 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 lifted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. KeyCorp lifted their target price 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, 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

American Healthcare REIT 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.