Prime Capital Investment Advisors LLC Invests $756,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Prime Capital Investment Advisors LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 28,976 shares of the company's stock, valued at approximately $756,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after acquiring an additional 654 shares in the last quarter. Kozak & Associates Inc. bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kessler Investment Group LLC acquired a new stake in American Healthcare REIT during the 3rd quarter worth approximately $48,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT in the second quarter valued at approximately $30,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of American Healthcare REIT during the third quarter worth $54,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 3.7 %

AHR traded up $0.96 during trading on Friday, reaching $27.18. 2,175,998 shares of the stock were exchanged, compared to its average volume of 1,460,617. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The stock's 50 day moving average price is $25.35 and its two-hundred day moving average price is $19.35. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $27.77. The stock has a market cap of $3.58 billion and a P/E ratio of -56.63.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The business's revenue was up 12.8% on a year-over-year basis. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend yield of 3.68%. American Healthcare REIT's payout ratio is -208.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. KeyCorp upped their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Moderate Buy" and a consensus target price of $23.25.

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.