Arkadios Wealth Advisors bought a new position 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 fund bought 30,987 shares of the company's stock, valued at approximately $809,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AHR. Manning & Napier Advisors LLC bought a new stake in shares of American Healthcare REIT in the second quarter worth $3,317,000. Quadrature Capital Ltd acquired a new position in American Healthcare REIT in the first quarter valued at $914,000. Centersquare Investment Management LLC acquired a new position in American Healthcare REIT in the first quarter valued at $63,269,000. Capstone Investment Advisors LLC acquired a new position in American Healthcare REIT in the first quarter valued at $1,201,000. Finally, Sei Investments Co. acquired a new position in American Healthcare REIT in the first quarter valued at $2,967,000. Institutional investors own 16.68% of the company's stock.
Wall Street Analyst Weigh In
AHR has been the topic of several recent analyst reports. KeyCorp boosted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Bank of America upped their target price 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. Morgan Stanley upped their price objective on shares of 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 report on Sunday, October 13th. Finally, JMP Securities upped 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.
Get Our Latest Report on AHR
American Healthcare REIT Trading Up 1.5 %
Shares of American Healthcare REIT stock traded up $0.40 on Tuesday, reaching $26.36. 2,011,389 shares of the company traded hands, compared to its average volume of 1,442,565. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $26.77. The company has a 50 day moving average of $23.86 and a 200 day moving average of $18.17. 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 (NYSE:AHR - Get Free Report) last released its 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). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research 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 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 3.79%. The ex-dividend date of this dividend was Friday, September 20th.
About American Healthcare REIT
(
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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