American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Seven Springs Wealth Group LLC

Seven Springs Wealth Group LLC boosted its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 70.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 26,082 shares of the company’s stock after buying an additional 10,770 shares during the quarter. Seven Springs Wealth Group LLC’s holdings in American Healthcare REIT were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in AHR. Diversify Advisory Services LLC lifted its holdings in shares of American Healthcare REIT by 1.3% in the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock valued at $955,000 after buying an additional 436 shares during the period. GAMMA Investing LLC grew its holdings in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares during the period. Janney Montgomery Scott LLC increased its stake in American Healthcare REIT by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock valued at $395,000 after purchasing an additional 533 shares in the last quarter. IFP Advisors Inc raised its holdings in American Healthcare REIT by 14.4% during the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock worth $134,000 after purchasing an additional 591 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its position in 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 purchasing an additional 754 shares in the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 0.8 %

NYSE:AHR opened at $30.41 on Thursday. The firm has a market capitalization of $4.79 billion, a PE ratio of -63.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The stock has a 50 day moving average of $29.39 and a 200-day moving average of $28.16. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52 week low of $13.35 and a 52 week high of $31.61.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued 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 dividend yield of 3.29%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp decreased their price objective on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Morgan Stanley raised their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT presently has an average rating of “Buy” and an average price target of $33.33.

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.