Selective Wealth Management Inc. Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Selective Wealth Management Inc. purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, Holdings Channel reports. The fund purchased 13,128 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after buying an additional 654 shares during the period. Fiduciary Alliance LLC raised its position in shares of American Healthcare REIT by 8.0% during the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock worth $289,000 after acquiring an additional 754 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Finally, Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT during the 3rd quarter worth approximately $28,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

Shares of NYSE:AHR opened at $27.87 on Friday. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The stock’s 50 day moving average is $28.11 and its 200-day moving average is $23.68. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.27 billion and a price-to-earnings ratio of -58.06.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS 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. This represents a $1.00 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AHR shares. 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. Royal Bank of Canada increased 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. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. JMP Securities upped their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Finally, Morgan Stanley lifted their target price 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.