Brookstone Capital Management bought a new position in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) in the 3rd quarter, Holdings Channel reports. The fund bought 8,007 shares of the company’s stock, valued at approximately $209,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AHR. Kiely Wealth Advisory Group Inc. purchased a new position in shares of American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank purchased a new position in American Healthcare REIT in the 2nd quarter worth approximately $33,000. Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT in the 2nd quarter worth approximately $45,000. CWM LLC purchased a new stake in American Healthcare REIT during the 2nd quarter valued at approximately $58,000. Finally, Mather Group LLC. bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $182,000. Institutional investors own 16.68% of the company’s stock.
American Healthcare REIT Stock Performance
NYSE AHR opened at $24.94 on Wednesday. The business’s 50 day moving average price is $22.48 and its 200-day moving average price is $17.43. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $26.77. 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 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, September 20th.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AHR shares. Bank of America upped their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. KeyCorp boosted their target price 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. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday. Finally, Truist Financial lifted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One investment 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.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.
Check Out Our Latest Analysis on AHR
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.
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