18,890 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by Keystone Financial Services

Keystone Financial Services bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,890 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds have also made changes to their positions in the company. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT during the third quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in American Healthcare REIT during the 2nd quarter worth $30,000. Amalgamated Bank purchased a new stake in shares of American Healthcare REIT during the second quarter worth $33,000. Semmax Financial Advisors Inc. purchased a new stake in shares of American Healthcare REIT during the second quarter worth $45,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $48,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a 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 company a “buy” rating in a report on Tuesday, September 24th. Truist Financial lifted their price objective 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. Finally, KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and seven have given 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 price target of $23.00.

American Healthcare REIT Price Performance

AHR opened at $26.47 on Tuesday. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $27.21. 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 business’s 50 day moving average price is $24.85 and its 200 day moving average price is $18.98.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, September 20th.

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.