Arkadios Wealth Advisors Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

Arkadios Wealth Advisors increased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 46.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,451 shares of the company’s stock after buying an additional 14,464 shares during the quarter. Arkadios Wealth Advisors’ holdings in American Healthcare REIT were worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AHR. Commonwealth Equity Services LLC increased its position in shares of American Healthcare REIT by 11.8% in the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after acquiring an additional 2,429 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in American Healthcare REIT during the 2nd quarter valued at about $1,227,000. Renaissance Technologies LLC bought a new position in American Healthcare REIT during the 2nd quarter valued at approximately $3,821,000. Mutual of America Capital Management LLC purchased a new stake in American Healthcare REIT in the 2nd quarter worth approximately $5,149,000. Finally, Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth approximately $33,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AHR. Morgan Stanley raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada increased their target price 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $27.87 on Monday. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. 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 company has a market capitalization of $4.27 billion and a P/E ratio of -58.06. The stock’s 50 day moving average is $28.11 and its 200 day moving average is $23.80.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results 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 company had revenue of $523.81 million for the quarter, compared to the consensus estimate 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 revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

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.