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

Wealth Enhancement Advisory Services LLC decreased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,019 shares of the company’s stock after selling 542 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in American Healthcare REIT were worth $1,332,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT during the 3rd quarter valued at $28,000. GAMMA Investing LLC increased 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 valued at $28,000 after purchasing an additional 504 shares during the period. Kiely Wealth Advisory Group Inc. acquired a new position in shares of American Healthcare REIT during the 2nd quarter valued at $30,000. Finally, Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 2.0 %

AHR stock opened at $27.91 on Thursday. The company’s 50 day simple moving average is $28.03 and its 200-day simple moving average is $23.56. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99. 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 firm has a market capitalization of $4.27 billion and a P/E ratio of -58.15.

American Healthcare REIT (NYSE:AHR) last announced its 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 net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AHR shares. JMP Securities raised their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. Truist Financial raised their price objective 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. Bank of America boosted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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.