The Manufacturers Life Insurance Company bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,127 shares of the company's stock, valued at approximately $352,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Kiely Wealth Advisory Group Inc. purchased a new position in shares of American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank bought a new position in American Healthcare REIT during the 2nd quarter valued at $33,000. Commonwealth Equity Services LLC boosted its stake in American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company's stock valued at $336,000 after acquiring an additional 2,429 shares during the last quarter. Peak Financial Advisors LLC boosted its stake in American Healthcare REIT by 10.4% during the 2nd quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company's stock valued at $455,000 after acquiring an additional 2,921 shares during the last quarter. Finally, Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT during the 2nd quarter valued at $45,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Morgan Stanley increased their price objective on shares of 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 increased their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. 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. Finally, Truist Financial increased their price objective 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.
Read Our Latest Analysis on AHR
American Healthcare REIT Trading Up 0.5 %
Shares of AHR stock traded up $0.13 during trading hours on Friday, reaching $25.21. The stock had a trading volume of 1,159,984 shares, compared to its average volume of 1,452,576. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $26.77. The firm has a 50-day simple moving average of $22.82 and a 200-day simple moving average of $17.54.
American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The firm's revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.97%.
American Healthcare REIT Company Profile
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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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