Wealth Enhancement Advisory Services LLC Purchases Shares of 51,561 American Healthcare REIT, Inc. (NYSE:AHR)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 51,561 shares of the company’s stock, valued at approximately $1,346,000.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in American Healthcare REIT by 2.6% during the 2nd quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after buying an additional 157,762 shares during the last quarter. Centersquare Investment Management LLC purchased a new stake in American Healthcare REIT during the 1st quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new stake in American Healthcare REIT during the 1st quarter valued at $42,337,000. Land & Buildings Investment Management LLC increased its stake in American Healthcare REIT by 19.3% in the second 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, Commonwealth Equity Services LLC grew its position in shares of American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

NYSE:AHR opened at $25.67 on Tuesday. The business’s 50-day moving average price is $24.45 and its 200 day moving average price is $18.63. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.21. 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 quarterly earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The company had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.31 EPS 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. Investors of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, September 20th.

Analysts Set New Price Targets

A number of research firms have commented on AHR. JMP Securities increased their price target 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. Truist Financial lifted their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research note 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 research note on Thursday, August 22nd. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.