19,306 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 19,306 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Creative Financial Designs Inc. ADV acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $267,000. Petra Financial Advisors Inc. acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $1,010,000. Golden State Equity Partners acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $406,000. Creekmur Asset Management LLC acquired a new stake in American Healthcare REIT during the third quarter worth about $54,000. Finally, Pathway Financial Advisers LLC acquired a new stake in American Healthcare REIT during the third quarter worth about $76,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JMP Securities raised 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 research report on Friday, September 20th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America increased their target price 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. 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. Finally, KeyCorp raised their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT has an average rating of “Moderate Buy” and an average target price of $23.00.

American Healthcare REIT Trading Down 1.6 %

AHR stock opened at $26.17 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $27.21. The company’s 50 day moving average is $24.36 and its two-hundred day moving average is $18.54.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data 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 company had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. American Healthcare REIT’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that American Healthcare REIT, Inc. will post 1.31 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.82%.

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.