Castleview Partners LLC Invests $494,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Castleview Partners LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,935 shares of the company’s stock, valued at approximately $494,000.

Several other large investors also recently bought and sold shares of AHR. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in American Healthcare REIT during the second quarter worth approximately $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT during the second quarter worth $33,000. Commonwealth Equity Services LLC grew its holdings in American Healthcare REIT by 11.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after buying an additional 2,429 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of American Healthcare REIT by 9.4% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,052 shares of the company’s stock worth $758,000 after acquiring an additional 2,504 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 2.5 %

American Healthcare REIT stock traded down $0.62 during trading on Monday, hitting $24.59. The company had a trading volume of 304,529 shares, compared to its average volume of 1,446,090. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The company’s 50 day simple moving average is $22.99 and its 200-day simple moving average is $17.66. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $26.77.

American Healthcare REIT (NYSE:AHR) last issued 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 analyst estimates of $506.55 million. The firm’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.31 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. Stockholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AHR. Morgan Stanley boosted their price target 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. KeyCorp increased their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Truist Financial raised their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. JMP Securities upped their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Finally, Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.00.

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.