Panoramic Investment Advisors LLC Sells 1,335 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Panoramic Investment Advisors LLC lessened its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,622 shares of the company’s stock after selling 1,335 shares during the quarter. Panoramic Investment Advisors LLC’s holdings in American Healthcare REIT were worth $416,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

AHR has been the subject of a number of research reports. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Morgan Stanley raised their price objective on shares of 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 boosted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Truist Financial increased 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 note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Stock Down 1.8 %

Shares of NYSE:AHR opened at $28.28 on Monday. The company has a 50 day moving average of $28.38 and a 200-day moving average of $24.70. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. The stock has a market cap of $4.33 billion and a price-to-earnings ratio of -58.91. 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 earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The business 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. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. 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.