51,561 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 51,561 shares of the company's stock, valued at approximately $1,346,000.

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

American Healthcare REIT Stock Performance

AHR traded up $0.14 during mid-day trading on Tuesday, reaching $25.81. The stock had a trading volume of 1,014,890 shares, compared to its average volume of 1,437,181. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm's fifty day simple moving average is $24.55 and its two-hundred day simple moving average is $18.72. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week 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 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AHR. Truist Financial increased 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. KeyCorp increased 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. JMP Securities increased their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Finally, Morgan Stanley increased their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. One equities 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.com, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

American Healthcare REIT Company 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.