Wealthcare Advisory Partners LLC Reduces Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Wealthcare Advisory Partners LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 45.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,731 shares of the company’s stock after selling 7,966 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in American Healthcare REIT were worth $277,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after buying an additional 1,034,365 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of American Healthcare REIT by 79.8% in the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after acquiring an additional 41,755 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in American Healthcare REIT in the third quarter valued at $568,000. Swiss National Bank boosted its holdings in American Healthcare REIT by 126.6% in the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after purchasing an additional 162,800 shares during the period. Finally, Hilton Capital Management LLC purchased a new stake in American Healthcare REIT during the 3rd quarter worth about $4,777,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $27.92 on Wednesday. The firm has a market cap of $4.27 billion and a PE ratio of -58.16. The firm’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $23.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. 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) EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was 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 -208.33%.

Analyst Ratings Changes

AHR has been the subject of several recent research reports. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Royal Bank of Canada lifted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Bank of America increased their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Truist Financial increased their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.