abrdn plc Has $27.45 Million Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

abrdn plc lifted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 28.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,051,697 shares of the company's stock after buying an additional 233,701 shares during the quarter. abrdn plc owned about 0.80% of American Healthcare REIT worth $27,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AHR. Kozak & Associates Inc. bought a new position in American Healthcare REIT in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT in the second quarter worth about $33,000. Semmax Financial Advisors Inc. bought a new stake in American Healthcare REIT during the 2nd quarter worth about $45,000. Finally, Kessler Investment Group LLC acquired a new position in American Healthcare REIT during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

AHR has been the topic of several analyst reports. KeyCorp increased their price objective 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. Truist Financial increased their price target on American Healthcare REIT from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. Bank of America increased their target price 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. Finally, JMP Securities boosted 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.00.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded down $0.42 during mid-day trading on Friday, reaching $26.18. 1,181,462 shares of the company's stock were exchanged, compared to its average volume of 1,439,557. The business has a fifty day simple moving average of $24.26 and a 200 day simple moving average of $18.37. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $27.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60.

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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Friday, September 20th.

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.