Harbour Capital Advisors LLC Buys New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

by · The Cerbat Gem

Harbour Capital Advisors LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) in the third quarter, HoldingsChannel.com reports. The fund bought 16,795 shares of the company’s stock, valued at approximately $409,000.

A number of other institutional investors also recently bought and sold shares of AHR. Kiely Wealth Advisory Group Inc. bought a new stake in American Healthcare REIT in the second quarter worth $30,000. Amalgamated Bank bought a new stake in American Healthcare REIT in the second quarter worth $33,000. Semmax Financial Advisors Inc. bought a new stake in American Healthcare REIT in the second quarter worth $45,000. CWM LLC bought a new stake in American Healthcare REIT in the second quarter worth $58,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in American Healthcare REIT in the second quarter worth $110,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

AHR stock opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50-day moving average price of $22.99 and a 200 day moving average price of $17.61. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $26.77.

American Healthcare REIT (NYSE:AHR – Get Free Report) last released 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). The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.31 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 3.97%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AHR shares. Bank of America raised their price target 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. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, American Healthcare REIT presently has an average rating of “Moderate Buy” and an average price target of $23.00.

Read Our Latest Report on AHR

About American Healthcare REIT

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Healthcare REIT, Inc. (NYSE:AHR – Free Report).