CreativeOne Wealth LLC Lowers Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

CreativeOne Wealth LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 27.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 13,854 shares of the company’s stock after selling 5,282 shares during the period. CreativeOne Wealth LLC’s holdings in American Healthcare REIT were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in American Healthcare REIT during the fourth quarter valued at approximately $758,000. Principal Financial Group Inc. grew its stake 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 worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Geode Capital Management LLC lifted its stake in shares of American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after purchasing an additional 1,094,296 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $331,000. Finally, Arkadios Wealth Advisors boosted its holdings in American Healthcare REIT by 46.7% during the fourth quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company’s stock worth $1,292,000 after buying an additional 14,464 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AHR. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Morgan Stanley increased their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Finally, KeyCorp cut their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT currently has an average rating of “Buy” and an average price target of $33.33.

American Healthcare REIT Trading Up 0.7 %

Shares of AHR opened at $30.54 on Friday. American Healthcare REIT, Inc. has a 52-week low of $13.02 and a 52-week high of $31.61. The stock has a market cap of $4.81 billion, a PE ratio of -63.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The firm’s fifty day moving average is $29.26 and its two-hundred day moving average is $28.07. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.27%. American Healthcare REIT’s payout ratio is presently -370.37%.

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.