Gladstone Institutional Advisory LLC Invests $504,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Gladstone Institutional Advisory LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,306 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors also recently added to or reduced their stakes in AHR. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in American Healthcare REIT in the 1st quarter worth about $7,694,000. Daiwa Securities Group Inc. purchased a new position in American Healthcare REIT in the 1st quarter worth about $3,562,000. Chilton Capital Management LLC purchased a new position in American Healthcare REIT during the 1st quarter valued at about $7,679,000. Sei Investments Co. purchased a new position in American Healthcare REIT during the 1st quarter valued at about $2,967,000. Finally, Russell Investments Group Ltd. purchased a new position in American Healthcare REIT during the 1st quarter valued at about $20,381,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

AHR has been the topic of a number of research reports. Truist Financial raised their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Morgan Stanley raised 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. Bank of America raised 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 report on Tuesday, September 24th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, KeyCorp lifted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $26.17 on Monday. The firm’s 50 day moving average price is $24.36 and its 200-day moving average price is $18.54. 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 $27.21.

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). 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 return on equity of 2.20% and a negative net margin of 1.99%. The company’s revenue 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 year.

American Healthcare REIT Announces Dividend

The business also recently announced 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 yield of 3.82%. The ex-dividend date of this dividend was Friday, September 20th.

About American Healthcare REIT

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.