Golden State Wealth Management LLC Takes $353,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Golden State Wealth Management LLC purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 12,418 shares of the company's stock, valued at approximately $353,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT in the third quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth approximately $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT in the third quarter worth $33,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

AHR stock traded down $0.99 on Tuesday, reaching $27.51. The company's stock had a trading volume of 2,022,687 shares, compared to its average volume of 1,235,794. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $4.21 billion and a P/E ratio of -57.31. The firm has a fifty day moving average of $28.33 and a two-hundred day moving average of $25.23.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT's revenue for the quarter 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 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AHR shares. Royal Bank of Canada raised their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.