Commonwealth Equity Services LLC Purchases 1,582,426 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Commonwealth Equity Services LLC raised its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 6,875.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,605,441 shares of the company's stock after buying an additional 1,582,426 shares during the quarter. Commonwealth Equity Services LLC owned about 1.22% of American Healthcare REIT worth $41,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 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. bought a new position in American Healthcare REIT in the second quarter valued at $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT in the 2nd quarter valued at $33,000. Semmax Financial Advisors Inc. bought a new stake in American Healthcare REIT during the 2nd quarter worth about $45,000. Finally, CWM LLC bought a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

NYSE AHR traded down $0.62 during trading on Monday, reaching $24.59. The company's stock had a trading volume of 933,354 shares, compared to its average volume of 1,449,646. 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, Inc. has a 12 month low of $12.63 and a 12 month high of $26.77. The firm has a 50 day moving average price of $23.14 and a 200 day moving average price of $17.74.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued 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 business's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, September 20th.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. Bank of America increased their price target 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. Truist Financial upped their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. Morgan Stanley raised their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Finally, KeyCorp increased their price target 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

American Healthcare REIT Company 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.