Gladstone Institutional Advisory LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,306 shares of the company's stock, valued at approximately $504,000.
Other large investors also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC bought a new position in shares of American Healthcare REIT during the first quarter valued at approximately $63,269,000. V3 Capital Management L.P. bought a new position in American Healthcare REIT in the first quarter worth approximately $42,337,000. Commonwealth Equity Services LLC grew its stake in American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock worth $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. Goldentree Asset Management LP bought a new position in American Healthcare REIT in the first quarter worth approximately $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in American Healthcare REIT in the first quarter worth approximately $20,381,000. 16.68% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Morgan Stanley increased their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Finally, Truist Financial upped their target price on American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.
Read Our Latest Report on American Healthcare REIT
American Healthcare REIT Stock Down 1.9 %
AHR traded down $0.50 on Monday, reaching $25.67. 1,416,782 shares of the stock were exchanged, compared to its average volume of 1,439,435. The company's 50-day moving average price is $24.36 and its 200 day moving average price is $18.54. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.21. 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 issued its quarterly earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.
American Healthcare REIT Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.90%.
American Healthcare REIT Company Profile
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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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