Spire Wealth Management Buys New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Spire Wealth Management bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,744 shares of the company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AHR. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT during the third quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in American Healthcare REIT in the fourth quarter worth approximately $29,000. Finally, Quarry LP bought a new position in shares of American Healthcare REIT in the third quarter valued at $33,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Up 2.4 %

Shares of NYSE AHR opened at $29.30 on Thursday. The firm has a market capitalization of $4.48 billion and a PE ratio of -61.05. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $28.35 and a two-hundred day moving average price of $24.91.

American Healthcare REIT (NYSE:AHR) last posted 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 company had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. American Healthcare REIT’s dividend payout ratio is -208.33%.

Wall Street Analyst Weigh In

AHR has been the subject of several research reports. Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Royal Bank of Canada boosted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock 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.