American Healthcare REIT, Inc. (NYSE:AHR) Position Raised by Concorde Asset Management LLC

Concorde Asset Management LLC raised its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 34.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,897 shares of the company’s stock after buying an additional 4,297 shares during the quarter. Concorde Asset Management LLC’s holdings in American Healthcare REIT were worth $441,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in AHR. Principal Financial Group Inc. lifted its stake in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares during the last quarter. V3 Capital Management L.P. bought a new stake in American Healthcare REIT in the first quarter valued at $42,337,000. Commonwealth Equity Services LLC lifted its stake in American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after buying an additional 1,582,426 shares during the last quarter. Goldentree Asset Management LP bought a new stake in American Healthcare REIT in the first quarter valued at $22,125,000. Finally, Vanguard Group Inc. bought a new stake in shares of American Healthcare REIT during the first quarter valued at about $16,205,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

Shares of AHR opened at $28.35 on Friday. The company has a market capitalization of $3.73 billion and a price-to-earnings ratio of -57.65. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $28.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50-day moving average is $25.65 and its 200-day moving average is $19.68.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend yield of 3.53%. American Healthcare REIT’s dividend payout ratio is -208.33%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AHR. 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. JMP Securities lifted their price objective on shares of 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. Bank of America boosted their price target 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. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday. One 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, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

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.