Amalgamated Bank Acquires New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Amalgamated Bank acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,250 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also modified their holdings of the stock. CWM LLC acquired a new position in American Healthcare REIT in the second quarter valued at $58,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in American Healthcare REIT in the second quarter valued at about $110,000. SG Americas Securities LLC acquired a new stake in American Healthcare REIT in the second quarter valued at about $189,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in American Healthcare REIT in the second quarter valued at about $217,000. Finally, Arizona State Retirement System purchased a new position in American Healthcare REIT in the second quarter valued at about $267,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 2.8 %

Shares of American Healthcare REIT stock opened at $25.38 on Wednesday. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $26.77. 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 50-day moving average price is $20.60 and its two-hundred day moving average price is $16.61.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.29 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.94%.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. KeyCorp lifted their price target 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. 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 report on Tuesday, September 24th. JMP Securities lifted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and an average target price of $23.00.

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.