Golden State Wealth Management LLC Buys Shares of 12,418 American Healthcare REIT, Inc. (NYSE:AHR)

Golden State Wealth Management LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,418 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in American Healthcare REIT by 15.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,895 shares of the company’s stock worth $878,000 after buying an additional 4,090 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of American Healthcare REIT during the fourth quarter worth $331,000. Rik Saylor Financial Inc. acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $1,135,000. State of Alaska Department of Revenue raised its holdings in shares of American Healthcare REIT by 101.2% during the fourth quarter. State of Alaska Department of Revenue now owns 72,799 shares of the company’s stock worth $2,068,000 after acquiring an additional 36,625 shares during the period. Finally, Onyx Bridge Wealth Group LLC bought a new stake in American Healthcare REIT in the 4th quarter valued at $209,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.3 %

NYSE AHR opened at $29.30 on Friday. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $29.99. 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 50 day moving average of $28.35 and a 200-day moving average of $24.94. The company has a market cap of $4.48 billion and a PE ratio of -61.04.

American Healthcare REIT (NYSE:AHR) last announced its quarterly 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 firm had revenue of $523.81 million during 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%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.41%. American Healthcare REIT’s dividend payout ratio is -208.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley lifted their price target 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. Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average 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.