Semmax Financial Advisors Inc. Takes $45,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,096 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 2.6% during the 2nd quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after acquiring an additional 157,762 shares during the period. Centersquare Investment Management LLC purchased a new position in shares of American Healthcare REIT during the 1st quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new position in shares of American Healthcare REIT during the 1st quarter valued at $42,337,000. Land & Buildings Investment Management LLC lifted its stake in shares of American Healthcare REIT by 19.3% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after buying an additional 290,740 shares in the last quarter. Finally, Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT during the 1st quarter valued at $22,125,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 0.7 %

Shares of NYSE:AHR opened at $26.20 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $26.77. The company has a 50-day moving average price of $19.82 and a 200 day moving average price of $16.26.

American Healthcare REIT (NYSE:AHR) last announced 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 net margin of 1.99% and a negative return on equity of 2.20%. The business had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.28 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Friday, September 20th.

Analysts Set New Price Targets

A number of research firms recently weighed in on AHR. Bank of America lifted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial lifted their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, JMP Securities increased their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

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.