Larson Financial Group LLC Makes New $330,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Larson Financial Group LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,652 shares of the company’s stock, valued at approximately $330,000.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of American Healthcare REIT by 54.1% during the 3rd 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. Commonwealth Equity Services LLC grew its stake in shares of American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after buying an additional 1,582,426 shares during the last quarter. Goldentree Asset Management LP purchased a new position in shares of American Healthcare REIT in the first quarter worth about $22,125,000. Vanguard Group Inc. bought a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $16,205,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Healthcare REIT by 118.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 1.4 %

Shares of AHR opened at $29.36 on Wednesday. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.52. The stock has a market capitalization of $4.49 billion and a price-to-earnings ratio of -61.17. The business’s 50 day simple moving average is $26.01 and its 200-day simple moving average is $20.14. 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 (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. American Healthcare REIT’s payout ratio is -208.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp upped their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial raised their price target 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. Bank of America upped their price objective 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. 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average price target of $25.13.

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.