Advisory Resource Group Decreases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Advisory Resource Group decreased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,947 shares of the company’s stock after selling 938 shares during the quarter. Advisory Resource Group’s holdings in American Healthcare REIT were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AHR. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT during the third quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter worth $29,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter valued at $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AHR shares. Morgan Stanley boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Royal Bank of Canada upped their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Price Performance

Shares of NYSE:AHR opened at $29.30 on Friday. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $29.99. The firm has a market capitalization of $4.48 billion and a price-to-earnings ratio of -61.04. The business’s 50 day simple moving average is $28.34 and its 200-day simple moving average is $25.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -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.