Heritage Family Offices LLP Lowers Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Heritage Family Offices LLP lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 41.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,881 shares of the company's stock after selling 9,747 shares during the period. Heritage Family Offices LLP's holdings in American Healthcare REIT were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position 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 worth $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kozak & Associates Inc. purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $28,000. Finally, Quarry LP acquired a new stake in American Healthcare REIT during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 2.7 %

Shares of AHR traded up $0.75 during midday trading on Thursday, reaching $28.67. The stock had a trading volume of 767,464 shares, compared to its average volume of 1,045,926. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The company's fifty day simple moving average is $28.03 and its two-hundred day simple moving average is $23.56. The company has a market cap of $4.39 billion and a price-to-earnings ratio of -59.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its 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 company had revenue of $523.81 million during the quarter, compared to analysts' expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm's revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is -208.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AHR shares. Royal Bank of Canada increased their target price 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 increased 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. Morgan Stanley increased 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 upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Finally, Bank of America increased their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $26.00.

About American Healthcare REIT

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.