Rhumbline Advisers Buys New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Rhumbline Advisers purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 2nd quarter, Holdings Channel reports. The firm purchased 102,891 shares of the company’s stock, valued at approximately $1,503,000.

A number of other large investors also recently bought and sold shares of AHR. Commonwealth Equity Services LLC increased its holdings in shares of American Healthcare REIT by 11.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock worth $336,000 after buying an additional 2,429 shares during the last quarter. Peak Financial Advisors LLC increased its stake in American Healthcare REIT by 10.4% during the second quarter. Peak Financial Advisors LLC now owns 31,126 shares of the company’s stock worth $455,000 after acquiring an additional 2,921 shares during the last quarter. Chilton Capital Management LLC raised its holdings in shares of American Healthcare REIT by 0.7% in the 2nd quarter. Chilton Capital Management LLC now owns 519,321 shares of the company’s stock worth $7,698,000 after purchasing an additional 3,840 shares during the period. CWM LLC acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AHR. 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 research report on Tuesday, August 20th. Truist Financial raised their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. KeyCorp boosted their price target 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. Finally, JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

American Healthcare REIT Trading Up 2.0 %

AHR stock opened at $25.68 on Friday. The firm has a 50 day simple moving average of $19.44 and a 200-day simple moving average of $16.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $26.32.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.28 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, September 20th.

About American Healthcare REIT

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.