Fortis Group Advisors LLC Buys New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Fortis Group Advisors LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,058 shares of the company's stock, valued at approximately $576,000.

Several other large investors also recently bought and sold shares of AHR. Kozak & Associates Inc. purchased a new stake in American Healthcare REIT in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT in the second quarter valued at about $33,000. Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT during the second quarter worth about $45,000. Finally, CWM LLC purchased a new position in shares of American Healthcare REIT during the second quarter worth about $58,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AHR. Morgan Stanley increased their price objective on 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 research note on Sunday, October 13th. Truist Financial raised their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. 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, Bank of America increased their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.00.

American Healthcare REIT Stock Up 1.3 %

AHR stock traded up $0.32 during trading on Tuesday, reaching $24.91. 1,095,597 shares of the company were exchanged, compared to its average volume of 1,447,656. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average price is $23.14 and its 200 day moving average price is $17.74. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $26.77.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The firm had revenue of $504.60 million for the quarter, compared to analysts' expectations 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 for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.31 EPS for the current 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 4.01%.

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.