West Wealth Group LLC Cuts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

West Wealth Group LLC decreased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 21.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,100 shares of the company’s stock after selling 2,212 shares during the quarter. West Wealth Group LLC’s holdings in American Healthcare REIT were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC bought a new position in shares of American Healthcare REIT during the 2nd quarter valued at $3,821,000. Amalgamated Bank purchased a new stake in American Healthcare REIT during the 2nd quarter valued at $33,000. Thrivent Financial for Lutherans bought a new stake in American Healthcare REIT in the 2nd quarter worth $1,202,000. The Manufacturers Life Insurance Company purchased a new position in American Healthcare REIT during the 2nd quarter valued at about $352,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of American Healthcare REIT during the second quarter valued at approximately $2,246,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company 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 report on Friday, November 15th. Finally, Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One 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 has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Trading Up 0.7 %

NYSE:AHR opened at $28.91 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. The company has a 50 day simple moving average of $28.29 and a two-hundred day simple moving average of $24.26.

American Healthcare REIT (NYSE:AHR) last released 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 business had revenue of $523.81 million for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

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.