Concurrent Investment Advisors LLC Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Concurrent Investment Advisors LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,607 shares of the company's stock, valued at approximately $642,000.

Several other large investors have also modified their holdings of the business. Centersquare Investment Management LLC purchased a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $63,269,000. V3 Capital Management L.P. purchased a new position in shares of American Healthcare REIT during the first quarter worth $42,337,000. Commonwealth Equity Services LLC grew its stake in shares of American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock valued at $41,902,000 after buying 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 valued at $22,125,000. Finally, Russell Investments Group Ltd. acquired a new position in American Healthcare REIT during the 1st quarter worth about $20,381,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

AHR has been the subject of several research reports. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research report on Friday, September 20th. 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. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report 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 note on Monday, September 16th. Finally, Truist Financial increased their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. One 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

American Healthcare REIT Trading Down 0.9 %

Shares of American Healthcare REIT stock traded down $0.23 during trading on Friday, hitting $26.08. 1,382,283 shares of the stock were exchanged, compared to its average volume of 1,307,242. 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 firm's 50-day moving average price is $24.85 and its 200 day moving average price is $18.98. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $27.21.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%. 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.