Petra Financial Advisors Inc. Purchases New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Petra Financial Advisors Inc. acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,684 shares of the company's stock, valued at approximately $1,010,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 157,762 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in American Healthcare REIT during the 1st quarter worth approximately $63,269,000. V3 Capital Management L.P. bought a new position in American Healthcare REIT in the 1st quarter valued at approximately $42,337,000. Land & Buildings Investment Management LLC boosted its position 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 buying an additional 290,740 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased 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 worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted 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. Bank of America upped their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. KeyCorp upped their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Truist Financial lifted their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Finally, JMP Securities raised their target price on 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.00.

American Healthcare REIT Price Performance

AHR stock traded down $0.38 during midday trading on Thursday, hitting $26.60. The stock had a trading volume of 1,276,074 shares, compared to its average volume of 1,440,951. 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 business has a fifty day moving average price of $24.13 and a two-hundred day moving average price of $18.32. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $27.21.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). The business had revenue of $504.60 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.76%.

About American Healthcare REIT

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.