Concorde Asset Management LLC Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Concorde Asset Management LLC grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 34.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,897 shares of the company’s stock after buying an additional 4,297 shares during the quarter. Concorde Asset Management LLC’s holdings in American Healthcare REIT were worth $441,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after purchasing an additional 654 shares during the period. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth $28,000. Tidemark LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth $44,000. Kessler Investment Group LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth $48,000. Finally, KBC Group NV acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 2.5 %

AHR opened at $28.35 on Friday. The firm has a market capitalization of $3.73 billion and a P/E ratio of -57.65. The firm’s 50 day moving average is $25.65 and its 200-day moving average is $19.68. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $28.63. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio is currently -208.33%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Truist Financial increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America raised their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, JMP Securities increased their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT presently has an average rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Company Profile

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.