Kovack Advisors Inc. Purchases New Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Kovack Advisors Inc. acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,791 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. bought a new stake in shares of American Healthcare REIT in the 1st quarter worth about $2,967,000. Vanguard Group Inc. acquired a new stake in American Healthcare REIT during the first quarter valued at approximately $16,205,000. Nicola Wealth Management LTD. acquired a new stake in American Healthcare REIT during the first quarter valued at approximately $1,106,000. Quadrature Capital Ltd acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $914,000. Finally, V3 Capital Management L.P. acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $42,337,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upped their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. 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. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One investment 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.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

American Healthcare REIT Stock Performance

AHR stock opened at $27.18 on Friday. The firm has a 50 day simple moving average of $25.24 and a 200 day simple moving average of $19.25. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $27.77. The stock has a market cap of $3.58 billion and a P/E ratio of -56.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.68%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

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.