Prime Capital Investment Advisors LLC bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR – Free Report) 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 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.
Check Out Our Latest Report on AHR
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.
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