Concorde Asset Management LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $184,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC acquired a new stake in shares of American Healthcare REIT during the second quarter worth $3,317,000. Quadrature Capital Ltd acquired a new stake in shares of American Healthcare REIT during the first quarter worth $914,000. Centersquare Investment Management LLC acquired a new stake in shares of American Healthcare REIT during the first quarter worth $63,269,000. Capstone Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT during the first quarter worth $1,201,000. Finally, Sei Investments Co. acquired a new stake in shares of American Healthcare REIT during the first quarter worth $2,967,000. 16.68% of the stock is owned by institutional investors and hedge funds.
American Healthcare REIT Stock Performance
Shares of AHR opened at $25.41 on Friday. The firm has a 50-day moving average price of $19.24 and a 200 day moving average price of $15.97. 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, Inc. has a 52-week low of $12.63 and a 52-week high of $25.92.
American Healthcare REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%.
Analyst Ratings Changes
A number of analysts recently weighed in on AHR shares. KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Bank of America increased their price objective on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, JMP Securities increased their price objective on shares of American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $20.38.
Check Out Our Latest Report on American Healthcare REIT
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.
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