Harbour Capital Advisors LLC Buys Shares of 16,795 American Healthcare REIT, Inc. (NYSE:AHR)

Harbour Capital Advisors LLC bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,795 shares of the company’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AHR. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT during the 2nd quarter valued at about $30,000. Amalgamated Bank bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $33,000. Semmax Financial Advisors Inc. bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $45,000. CWM LLC bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of American Healthcare REIT in the 2nd quarter worth approximately $110,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of AHR opened at $25.21 on Friday. 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 1 year low of $12.63 and a 1 year high of $26.77. The company has a 50 day simple moving average of $22.99 and a two-hundred day simple moving average of $17.61.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million for the quarter, compared to analysts’ expectations of $506.55 million. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Friday, September 20th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AHR shares. KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Truist Financial increased their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, JMP Securities increased their target price 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.