Prime Capital Investment Advisors LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Prime Capital Investment Advisors LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,976 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of American Healthcare REIT by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after buying an additional 654 shares during the period. Kozak & Associates Inc. bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kessler Investment Group LLC bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $48,000. Kiely Wealth Advisory Group Inc. bought a new position in American Healthcare REIT in the 2nd quarter valued at $30,000. Finally, Creekmur Asset Management LLC bought a new position in American Healthcare REIT in the 3rd quarter valued at $54,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Up 3.7 %

Shares of AHR stock opened at $27.18 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $27.77. The business has a 50-day moving average of $25.24 and a 200 day moving average of $19.25. The stock has a market capitalization of $3.58 billion and a PE ratio of -56.63.

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

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s payout ratio is -208.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AHR shares. Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JMP Securities lifted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Morgan Stanley lifted 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. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, KeyCorp raised their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

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.