Wealth Enhancement Advisory Services LLC Has $1.33 Million Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & 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.

Several other institutional investors and hedge funds have also modified their holdings of AHR. Commonwealth Equity Services LLC raised its holdings in shares of American Healthcare REIT by 11.8% during the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock worth $336,000 after acquiring an additional 2,429 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of American Healthcare REIT during the 2nd quarter worth about $1,503,000. Arizona State Retirement System acquired a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $267,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of American Healthcare REIT during the 2nd quarter valued at about $1,227,000. Finally, Renaissance Technologies LLC bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $3,821,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AHR shares. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Royal Bank of Canada raised their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. 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 report on Friday, November 15th. JMP Securities increased their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Performance

Shares of AHR opened at $27.91 on Thursday. The company has a market capitalization of $4.27 billion and a PE ratio of -58.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. The company’s fifty day moving average price is $28.03 and its 200 day moving average price is $23.56.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.58%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -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.