Lifestyle Asset Management Inc. purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,308 shares of the company's stock, valued at approximately $582,000.
Several other institutional investors and hedge funds also recently bought and sold shares of AHR. Manning & Napier Advisors LLC purchased a new stake in shares of American Healthcare REIT in the second quarter worth about $3,317,000. Quadrature Capital Ltd bought a new position in American Healthcare REIT in the 1st quarter valued at $914,000. Foundations Investment Advisors LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter valued at $568,000. Centersquare Investment Management LLC bought a new position in shares of American Healthcare REIT in the first quarter worth $63,269,000. Finally, Sei Investments Co. purchased a new stake in shares of American Healthcare REIT in the first quarter worth $2,967,000. 16.68% of the stock is owned by institutional investors.
American Healthcare REIT Trading Down 0.9 %
NYSE AHR traded down $0.23 during trading on Friday, hitting $26.08. 1,382,273 shares of the company's stock traded hands, compared to its average volume of 1,445,317. The stock has a fifty day moving average of $24.85 and a two-hundred day moving average of $18.90. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $27.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.
American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million for the quarter, compared to analysts' expectations of $506.55 million. The business's revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.
American Healthcare REIT Dividend Announcement
The company also recently announced 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 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Friday, September 20th.
Analysts Set New Price Targets
Several research firms recently weighed in on AHR. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Truist Financial lifted their price objective 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. KeyCorp increased their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Finally, JMP Securities lifted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Moderate Buy" and an average price target of $23.00.
Read Our Latest Stock Report on American Healthcare REIT
American Healthcare REIT Profile
(
Free Report)
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.
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