FLC Capital Advisors Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

FLC Capital Advisors purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, HoldingsChannel.com reports. The fund purchased 20,644 shares of the company’s stock, valued at approximately $539,000.

A number of other large investors have also added to or reduced their stakes in AHR. Principal Financial Group Inc. lifted its position in shares of American Healthcare REIT by 2.6% in the 2nd quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock worth $89,970,000 after purchasing an additional 157,762 shares during the period. Centersquare Investment Management LLC purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $63,269,000. V3 Capital Management L.P. purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $42,337,000. Land & Buildings Investment Management LLC lifted its position in shares of American Healthcare REIT by 19.3% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after purchasing an additional 290,740 shares during the period. Finally, Goldentree Asset Management LP purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $22,125,000. Institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. JMP Securities lifted their price target on shares of 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. Finally, Truist Financial lifted their price target on shares of 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 analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Stock Up 1.9 %

Shares of American Healthcare REIT stock opened at $25.41 on Thursday. 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, Inc. has a 52-week low of $12.63 and a 52-week high of $26.77. The company has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $17.48.

American Healthcare REIT (NYSE:AHR) last announced 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 the consensus estimate of $506.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%.

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.