RFG Holdings Inc. Purchases Shares of 23,502 American Healthcare REIT, Inc. (NYSE:AHR)

RFG Holdings Inc. acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 23,502 shares of the company’s stock, valued at approximately $613,000.

A number of other large investors have also recently made changes to their positions in AHR. Principal Financial Group Inc. purchased a new stake in American Healthcare REIT in the first quarter worth $88,504,000. Centersquare Investment Management LLC purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $63,269,000. V3 Capital Management L.P. bought a new stake in shares of American Healthcare REIT during the 1st quarter valued at about $42,337,000. Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT during the first quarter valued at about $22,125,000. Finally, Russell Investments Group Ltd. bought a new position in American Healthcare REIT in the first quarter worth about $20,381,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Up 1.6 %

AHR opened at $24.58 on Friday. The stock has a 50-day moving average price of $21.96 and a 200-day moving average price of $17.18. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $26.77. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 annualized dividend and a yield of 4.07%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AHR. Truist Financial lifted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Morgan Stanley upped their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. JMP Securities raised their price objective 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. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.