Inscription Capital LLC Purchases Shares of 47,382 American Healthcare REIT, Inc. (NYSE:AHR)

Inscription Capital LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, HoldingsChannel reports. The firm bought 47,382 shares of the company’s stock, valued at approximately $1,237,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AHR. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $7,694,000. Capstone Investment Advisors LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $1,201,000. Daiwa Securities Group Inc. purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $3,562,000. Chilton Capital Management LLC purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $7,679,000. Finally, Sei Investments Co. purchased a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $2,967,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Truist Financial boosted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, JMP Securities boosted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, American Healthcare REIT has a consensus rating of “Moderate Buy” and an average price target of $23.00.

American Healthcare REIT Price Performance

NYSE AHR traded up $0.27 on Monday, reaching $26.14. 116,840 shares of the stock traded hands, compared to its average volume of 1,434,078. 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 company has a fifty day moving average price of $23.72 and a 200-day moving average price of $18.04. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $26.77.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $504.60 million for 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 firm’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, September 20th.

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.