Onyx Bridge Wealth Group LLC Buys Shares of 7,355 American Healthcare REIT, Inc. (NYSE:AHR)

Onyx Bridge Wealth Group LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 7,355 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of American Healthcare REIT during the second quarter worth about $352,000. SG Americas Securities LLC grew its position in shares of American Healthcare REIT by 184.0% during the third quarter. SG Americas Securities LLC now owns 36,778 shares of the company’s stock worth $960,000 after buying an additional 23,827 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of American Healthcare REIT during the third quarter worth about $286,000. Mather Group LLC. acquired a new position in shares of American Healthcare REIT during the third quarter worth about $182,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of American Healthcare REIT during the third quarter worth about $1,550,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $29.36 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The stock has a 50 day moving average of $28.35 and a two-hundred day moving average of $24.91. The stock has a market cap of $4.49 billion and a P/E ratio of -61.16.

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

American Healthcare REIT Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued 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 $26.00.

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.