Foundations Investment Advisors LLC Makes New $568,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Foundations Investment Advisors LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,744 shares of the company’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AHR. Centersquare Investment Management LLC purchased a new stake in American Healthcare REIT in the first quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new stake in shares of American Healthcare REIT in the first quarter worth about $42,337,000. Commonwealth Equity Services LLC raised its position in American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after acquiring an additional 1,582,426 shares in the last quarter. Goldentree Asset Management LP acquired a new position in American Healthcare REIT in the first quarter valued at approximately $22,125,000. Finally, Russell Investments Group Ltd. purchased a new stake in American Healthcare REIT in the 1st quarter worth approximately $20,381,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AHR shares. Bank of America boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Truist Financial increased 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. 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 report on Thursday, August 22nd. JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Down 0.1 %

Shares of American Healthcare REIT stock opened at $25.87 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. The business has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $18.01. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $26.77.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data 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). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%.

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.