Axxcess Wealth Management LLC Acquires Shares of 18,618 American Healthcare REIT, Inc. (NYSE:AHR)

Axxcess Wealth Management LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 18,618 shares of the company’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in American Healthcare REIT during the third quarter valued at $28,000. Kessler Investment Group LLC bought a new position in shares of American Healthcare REIT during the third quarter valued at $48,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT during the second quarter valued at $30,000. Creekmur Asset Management LLC bought a new position in shares of American Healthcare REIT during the third quarter valued at $54,000. Finally, Amalgamated Bank bought a new position in shares of American Healthcare REIT during the second quarter valued at $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AHR shares. Truist Financial raised their price target on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Bank of America raised 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. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. JMP Securities raised their price target 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. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Trading Up 3.5 %

Shares of NYSE:AHR opened at $26.81 on Thursday. The stock has a market capitalization of $3.53 billion and a price-to-earnings ratio of -55.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50-day simple moving average is $25.16 and its two-hundred day simple moving average is $19.21. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.77.

American Healthcare REIT Dividend Announcement

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

American Healthcare REIT 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.