Cobblestone Asset Management LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 74,397 shares of the company's stock, valued at approximately $1,942,000. American Healthcare REIT makes up 1.2% of Cobblestone Asset Management LLC's portfolio, making the stock its 19th biggest holding. Cobblestone Asset Management LLC owned approximately 0.06% of American Healthcare REIT at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $88,504,000. Centersquare Investment Management LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $63,269,000. V3 Capital Management L.P. acquired a new position in shares of American Healthcare REIT during the 1st quarter worth about $42,337,000. Goldentree Asset Management LP acquired a new stake in American Healthcare REIT in the 1st quarter valued at about $22,125,000. Finally, Russell Investments Group Ltd. acquired a new stake in American Healthcare REIT in the 1st quarter valued at about $20,381,000. 16.68% of the stock is owned by institutional investors and hedge funds.
American Healthcare REIT Stock Performance
AHR traded up $0.13 during trading on Friday, reaching $25.21. 1,160,086 shares of the stock traded hands, compared to its average volume of 1,452,576. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The stock's 50-day moving average is $22.99 and its 200 day moving average is $17.64. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $26.77.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). The company had revenue of $504.60 million for 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%. American Healthcare REIT's revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.
American Healthcare REIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Friday, September 20th.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. JMP Securities raised 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 research report on Friday, September 20th. KeyCorp raised their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Morgan Stanley lifted 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 boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.
Read Our Latest Stock Report on American Healthcare REIT
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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