West Wealth Group LLC Sells 2,212 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

West Wealth Group LLC reduced its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the company’s stock after selling 2,212 shares during the period. West Wealth Group LLC’s holdings in American Healthcare REIT were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of American Healthcare REIT by 251.6% in the 4th quarter. KBC Group NV now owns 6,916 shares of the company’s stock worth $197,000 after acquiring an additional 4,949 shares during the last quarter. Tran Capital Management L.P. bought a new position in American Healthcare REIT during the 4th quarter valued at $209,000. Geneos Wealth Management Inc. purchased a new position in American Healthcare REIT during the 4th quarter worth $758,000. Accel Wealth Management bought a new stake in shares of American Healthcare REIT in the 4th quarter worth $293,000. Finally, Fifth Third Bancorp purchased a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $39,000. 16.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Stock Up 0.7 %

American Healthcare REIT stock opened at $28.91 on Monday. The firm has a 50 day simple moving average of $28.29 and a 200 day simple moving average of $24.26. 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 1-year low of $12.63 and a 1-year high of $29.99.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $474.26 million. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -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.