Brookstone Capital Management Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Brookstone Capital Management bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) 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 (NYSE:AHR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast 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 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.

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.