Focused Wealth Management Inc Buys New Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Focused Wealth Management Inc purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,789 shares of the company’s stock, valued at approximately $621,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of American Healthcare REIT during the second quarter worth approximately $3,317,000. Quadrature Capital Ltd acquired a new stake in American Healthcare REIT in the 1st quarter valued at $914,000. Foundations Investment Advisors LLC bought a new stake in American Healthcare REIT during the 3rd quarter valued at $568,000. Centersquare Investment Management LLC acquired a new position in American Healthcare REIT during the first quarter worth $63,269,000. Finally, Sei Investments Co. bought a new position in shares of American Healthcare REIT in the first quarter valued at $2,967,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $25.81 on Wednesday. The business’s fifty day simple moving average is $24.55 and its 200 day simple moving average is $18.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $27.21.

American Healthcare REIT (NYSE:AHR) last released its 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). The business had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, September 20th.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AHR shares. Truist Financial boosted their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a 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, October 13th. Finally, 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 note on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.