Seven Grand Managers LLC Boosts Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Seven Grand Managers LLC raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 185.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the company’s stock after purchasing an additional 130,000 shares during the period. American Healthcare REIT accounts for approximately 1.2% of Seven Grand Managers LLC’s portfolio, making the stock its 27th largest holding. Seven Grand Managers LLC owned approximately 0.15% of American Healthcare REIT worth $5,220,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT during the 2nd quarter worth about $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT during the second quarter worth about $33,000. Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter worth about $45,000. CWM LLC acquired a new position in shares of American Healthcare REIT in the second quarter valued at approximately $58,000. Finally, Asset Dedication LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $134,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $25.41 on Thursday. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $26.77. The company’s 50-day simple moving average is $22.66 and its 200-day simple moving average is $17.48. 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 (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). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts forecast that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.94%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lifted 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 note on Friday, September 20th. KeyCorp lifted their price objective on 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 increased their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday. Finally, Morgan Stanley raised their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average 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.