20,123 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,123 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at $30,000. Amalgamated Bank purchased a new position in shares of American Healthcare REIT in the second quarter worth about $33,000. Semmax Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT during the second quarter worth about $45,000. CWM LLC purchased a new stake in American Healthcare REIT in the second quarter valued at approximately $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in American Healthcare REIT in the 2nd quarter worth approximately $110,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

AHR has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp upped 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. JMP Securities lifted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, Truist Financial lifted their price target on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Price Performance

Shares of AHR stock opened at $24.59 on Tuesday. The stock has a 50 day simple moving average of $23.14 and a 200-day simple moving average of $17.74. 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.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data 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). The company had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 4.07%.

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.