American Healthcare REIT, Inc. (NYSE:AHR) Holdings Lowered by FLC Capital Advisors

FLC Capital Advisors reduced its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 31.5% in the fourth quarter, HoldingsChannel reports. The fund owned 14,144 shares of the company’s stock after selling 6,500 shares during the quarter. FLC Capital Advisors’ holdings in American Healthcare REIT were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in 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 valued at $247,654,000 after purchasing an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after buying an additional 2,747,960 shares in the last quarter. State Street Corp lifted its holdings in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares during the period. FMR LLC bought a new position in American Healthcare REIT during the third quarter valued at about $56,575,000. Finally, Commonwealth Equity Services LLC grew its holdings in American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the period. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Down 2.9 %

Shares of American Healthcare REIT stock opened at $27.87 on Monday. 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 1 year low of $12.63 and a 1 year high of $29.99. The stock has a 50-day moving average price of $28.11 and a 200 day moving average price of $23.80. The company has a market cap of $4.27 billion and a P/E ratio of -58.06.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.59%. American Healthcare REIT’s payout ratio is -208.33%.

Analysts Set New Price Targets

AHR has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. 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. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. 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. Finally, Bank of America boosted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

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.