Prime Capital Investment Advisors LLC Invests $756,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Prime Capital Investment Advisors LLC bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, Holdings Channel.com reports. The fund bought 28,976 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after acquiring an additional 654 shares in the last quarter. Kozak & Associates Inc. bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. Kessler Investment Group LLC bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $48,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the second quarter worth $30,000. Finally, Creekmur Asset Management LLC purchased a new position in American Healthcare REIT during the third quarter valued at $54,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

AHR stock opened at $27.18 on Friday. 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, Inc. has a 1 year low of $12.63 and a 1 year high of $27.77. The company has a market cap of $3.58 billion and a P/E ratio of -56.63. The stock’s fifty day moving average price is $25.24 and its 200-day moving average price is $19.25.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.68%. American Healthcare REIT’s payout ratio is presently -208.33%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp lifted their price target 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 shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. 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 note on Tuesday, September 24th. Finally, JMP Securities boosted their price objective 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.25.

American Healthcare REIT 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.