Asset Dedication LLC Invests $134,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Asset Dedication LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,141 shares of the company’s stock, valued at approximately $134,000.

Several other hedge funds also recently modified their holdings of AHR. Kiely Wealth Advisory Group Inc. acquired a new position in American Healthcare REIT in the 2nd quarter worth about $30,000. Amalgamated Bank acquired a new position in shares of American Healthcare REIT in the second quarter valued at approximately $33,000. Semmax Financial Advisors Inc. bought a new position in American Healthcare REIT in the 2nd quarter valued at approximately $45,000. CWM LLC acquired a new stake in American Healthcare REIT during the 2nd quarter worth approximately $58,000. Finally, Sound Income Strategies LLC bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $155,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AHR. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Bank of America increased their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, JMP Securities raised 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 report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $25.08 on Friday. The stock’s 50 day moving average price is $22.82 and its two-hundred day moving average price is $17.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $26.77.

American Healthcare REIT (NYSE:AHR) last posted 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 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 analyst estimates of $506.55 million. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, September 20th.

American Healthcare REIT Company 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.