First Heartland Consultants Inc. Purchases New Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

First Heartland Consultants Inc. purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, Holdings Channel.com reports. The firm purchased 10,560 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kozak & Associates Inc. acquired a new stake in American Healthcare REIT during the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in American Healthcare REIT during the second quarter valued at approximately $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT during the second quarter valued at approximately $33,000. Semmax Financial Advisors Inc. acquired a new stake in American Healthcare REIT during the second quarter valued at approximately $45,000. Finally, Kessler Investment Group LLC acquired a new stake in American Healthcare REIT during the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AHR. KeyCorp upped their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Truist Financial increased their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America increased 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. 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 increased their price target 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Price Performance

AHR opened at $26.81 on Thursday. The stock has a market cap of $3.53 billion and a price-to-earnings ratio of -55.84. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $27.77. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $25.16 and a 200 day moving average price of $19.21.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.73%. American Healthcare REIT’s payout ratio is -208.33%.

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.