2,250 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by Amalgamated Bank

Amalgamated Bank bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,250 shares of the company’s stock, valued at approximately $33,000.

Several other large investors have also bought and sold shares of AHR. Principal Financial Group Inc. increased its holdings in American Healthcare REIT by 2.6% in the second quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock worth $89,970,000 after buying an additional 157,762 shares during the last quarter. Centersquare Investment Management LLC acquired a new position in shares of American Healthcare REIT in the first quarter valued at approximately $63,269,000. V3 Capital Management L.P. acquired a new stake in shares of American Healthcare REIT during the first quarter worth $42,337,000. Goldentree Asset Management LP bought a new stake in American Healthcare REIT in the 1st quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. acquired a new position in American Healthcare REIT in the 1st quarter worth $20,381,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR opened at $25.38 on Wednesday. The business has a fifty day moving average of $20.60 and a 200 day moving average of $16.61. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $26.77. 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 (NYSE:AHR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The company had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.29 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%.

Wall Street Analyst Weigh In

AHR has been the subject of several analyst reports. Truist Financial raised their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Morgan Stanley lifted 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. KeyCorp lifted 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. Bank of America boosted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, 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 research note on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, American Healthcare REIT presently has an average rating of “Moderate Buy” and an average price target 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.