J.W. Cole Advisors Inc. Invests $1.08 Million in American Healthcare REIT, Inc. (NYSE:AHR)

J.W. Cole Advisors Inc. purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,362 shares of the company's stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AHR. Manning & Napier Advisors LLC purchased a new position in shares of American Healthcare REIT in the second quarter valued at approximately $3,317,000. Quadrature Capital Ltd purchased a new position in American Healthcare REIT in the 1st quarter valued at $914,000. Centersquare Investment Management LLC acquired a new stake in American Healthcare REIT during the 1st quarter worth $63,269,000. Capstone Investment Advisors LLC purchased a new stake in shares of American Healthcare REIT during the first quarter worth $1,201,000. Finally, Sei Investments Co. acquired a new stake in shares of American Healthcare REIT in the first quarter valued at about $2,967,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 2.4 %

Shares of NYSE AHR traded up $0.62 during mid-day trading on Wednesday, reaching $26.98. 1,310,033 shares of the company's stock were exchanged, compared to its average volume of 1,441,847. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.14. The company's 50-day moving average is $23.99 and its 200-day moving average is $18.26. 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 (NYSE:AHR - Get Free Report) last announced 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). 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 analyst estimates of $506.55 million. The company's revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Friday, September 20th.

Analyst Ratings Changes

AHR has been the topic of a number of recent research reports. Bank of America boosted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Morgan Stanley lifted 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. JMP Securities upped their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a report on Friday, September 20th. Finally, KeyCorp lifted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

American Healthcare REIT 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.