PFG Investments LLC Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

PFG Investments LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,119 shares of the company's stock, valued at approximately $1,360,000.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 2.6% during the 2nd quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company's stock worth $89,970,000 after buying an additional 157,762 shares during the period. Centersquare Investment Management LLC acquired a new stake in American Healthcare REIT in the first quarter worth $63,269,000. V3 Capital Management L.P. bought a new stake in American Healthcare REIT in the first quarter valued at $42,337,000. Land & Buildings Investment Management LLC increased its stake in American Healthcare REIT by 19.3% in the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company's stock valued at $26,260,000 after purchasing an additional 290,740 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock valued at $41,902,000 after purchasing an additional 1,582,426 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AHR shares. Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. Truist Financial boosted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. JMP Securities lifted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research report on Friday, September 20th. Finally, Bank of America upped their price objective 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 research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

American Healthcare REIT Stock Performance

NYSE:AHR traded down $0.02 during trading hours on Friday, hitting $25.87. 999,046 shares of the company traded hands, compared to its average volume of 1,441,554. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The firm's 50-day simple moving average is $23.72 and its 200-day simple moving average is $18.04. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $26.77.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. American Healthcare REIT's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, September 20th.

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.