Moloney Securities Asset Management LLC Takes $480,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Moloney Securities Asset Management LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,409 shares of the company’s stock, valued at approximately $480,000.

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

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $25.14 on Thursday. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $27.21. 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 stock’s 50 day simple moving average is $24.64 and its 200 day simple moving average is $18.76.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 business had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts expect that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, September 20th.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of recent analyst reports. JMP Securities raised 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. 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 research note on Friday, September 20th. Morgan Stanley increased their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, KeyCorp increased their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.