Golden State Wealth Management LLC Invests $353,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Golden State Wealth Management LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,418 shares of the company’s stock, valued at approximately $353,000.

Several other institutional investors have also bought and sold shares of AHR. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Healthcare REIT by 118.4% during 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 acquiring an additional 1,034,365 shares during the period. Janus Henderson Group PLC increased its position in shares of American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock worth $2,456,000 after purchasing an additional 41,755 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in American Healthcare REIT during the 3rd quarter valued at about $568,000. Swiss National Bank boosted its position 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 buying an additional 162,800 shares in the last quarter. Finally, Hilton Capital Management LLC bought a new stake in American Healthcare REIT during the third quarter worth about $4,777,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $29.30 on Friday. The business’s 50-day simple moving average is $28.35 and its 200 day simple moving average is $24.94. 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 stock has a market cap of $4.48 billion and a price-to-earnings ratio of -61.04. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $29.99.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of research analyst reports. 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 American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Morgan Stanley increased 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. Finally, Royal Bank of Canada lifted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently 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.