Harbour Investments Inc. Takes $511,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Harbour Investments Inc. acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,584 shares of the company’s stock, valued at approximately $511,000.

A number of other hedge funds also recently bought and sold shares of the stock. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the 3rd quarter worth $28,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the second quarter worth about $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT during the second quarter valued at about $33,000. Semmax Financial Advisors Inc. bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at about $45,000. Finally, Kessler Investment Group LLC purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AHR. Morgan Stanley increased their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. KeyCorp boosted their target price 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. 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. Finally, Truist Financial boosted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

American Healthcare REIT Trading Up 3.7 %

Shares of NYSE:AHR opened at $27.18 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 52-week low of $12.63 and a 52-week high of $27.77. The stock has a market cap of $3.58 billion and a price-to-earnings ratio of -56.63. The business has a 50-day moving average price of $25.35 and a 200-day moving average price of $19.35.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. Equities analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.68%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend 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.