Rik Saylor Financial Inc. Buys Shares of 39,953 American Healthcare REIT, Inc. (NYSE:AHR)

Rik Saylor Financial Inc. purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 39,953 shares of the company’s stock, valued at approximately $1,135,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AHR. Principal Financial Group Inc. grew its holdings in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares during the period. State Street Corp grew its stake in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares during the last quarter. FMR LLC bought a new position in American Healthcare REIT in the 3rd quarter worth $56,575,000. Finally, Commonwealth Equity Services LLC lifted its position in American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

AHR has been the topic of several research analyst reports. Royal Bank of Canada raised 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 report on Sunday, October 13th. Morgan Stanley upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, Truist Financial raised 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 note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Performance

AHR opened at $29.30 on Thursday. The stock’s 50 day simple moving average is $28.35 and its 200-day simple moving average is $24.91. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.48 billion and a PE ratio of -61.05. 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 announced its quarterly 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). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders 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 yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is -208.33%.

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.