American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,971 shares of the company’s stock after selling 10,647 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in American Healthcare REIT were worth $225,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AHR. GAMMA Investing LLC lifted its position in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after buying an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in American Healthcare REIT in the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT in the third quarter valued at $28,000. Kozak & Associates Inc. purchased a new position in shares of American Healthcare REIT during the third quarter worth about $28,000. Finally, Quarry LP acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AHR. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Royal Bank of Canada increased their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Truist Financial upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company 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 a consensus rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $29.34 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $4.49 billion and a PE ratio of -61.13. The stock has a fifty day moving average price of $28.29 and a 200 day moving average price of $24.26. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99.

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

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

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.