Great Valley Advisor Group Inc. Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Great Valley Advisor Group Inc. purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, HoldingsChannel.com reports. The firm purchased 13,132 shares of the company’s stock, valued at approximately $343,000.

A number of other large investors also recently made changes to their positions in the stock. Nwam LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $231,000. Concorde Asset Management LLC raised its stake in American Healthcare REIT by 34.1% during the 3rd quarter. Concorde Asset Management LLC now owns 16,897 shares of the company’s stock worth $441,000 after buying an additional 4,297 shares during the period. Charles Schwab Investment Management Inc. raised its stake in American Healthcare REIT by 118.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock worth $49,798,000 after buying an additional 1,034,365 shares during the period. Foundry Partners LLC acquired a new stake in American Healthcare REIT during the 3rd quarter worth $314,000. Finally, Intech Investment Management LLC acquired a new stake in American Healthcare REIT during the 3rd quarter worth $333,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

AHR has been the topic of several research analyst reports. KeyCorp raised their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley raised 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. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $29.57 on Thursday. The stock has a market capitalization of $4.53 billion and a price-to-earnings ratio of -61.60. The business has a 50-day moving average of $26.11 and a 200-day moving average of $20.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.81.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s payout ratio is currently -208.33%.

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.