RFG Advisory LLC Sells 8,754 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

RFG Advisory LLC lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,919 shares of the company's stock after selling 8,754 shares during the period. RFG Advisory LLC's holdings in American Healthcare REIT were worth $595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in American Healthcare REIT by 54.1% during the third 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 increased its position in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. State Street Corp raised its holdings in shares of American Healthcare REIT by 221.6% during the 3rd 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 in the last quarter. FMR LLC purchased a new stake in American Healthcare REIT in the third quarter worth approximately $56,575,000. Finally, Commonwealth Equity Services LLC boosted its stake in American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 1.5 %

AHR traded up $0.44 during midday trading on Monday, reaching $29.34. 1,101,016 shares of the company's stock traded hands, compared to its average volume of 1,112,070. American Healthcare REIT, Inc. has a 52 week low of $12.63 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 firm has a fifty day moving average of $28.29 and a two-hundred day moving average of $24.26. The stock has a market capitalization of $4.49 billion and a price-to-earnings ratio of -61.13.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced 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 business had revenue of $523.81 million for the quarter, compared to the consensus estimate 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 business's revenue was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's payout ratio is -208.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AHR. Royal Bank of Canada boosted 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. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. Finally, Truist Financial lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, American Healthcare REIT presently has an average rating of "Moderate Buy" and an average 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.