Selective Wealth Management Inc. Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Selective Wealth Management Inc. purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,128 shares of the company's stock, valued at approximately $359,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of 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 lifted its stake in 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 acquiring an additional 2,747,960 shares during the period. State Street Corp boosted 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 acquiring an additional 2,538,177 shares during the last quarter. FMR LLC bought a new stake in shares of American Healthcare REIT in the third quarter worth approximately $56,575,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of 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 valued at $41,902,000 after purchasing an additional 1,582,426 shares during the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AHR has been the topic of a number of research reports. Bank of America raised their price objective 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. Morgan Stanley lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, December 30th. Truist Financial increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, American Healthcare REIT has a consensus rating of "Moderate Buy" and an average price target of $26.00.

American Healthcare REIT Price Performance

NYSE:AHR traded down $0.83 during trading hours on Friday, hitting $27.87. 1,651,164 shares of the stock were exchanged, compared to its average volume of 1,959,224. The firm's fifty day moving average price is $28.11 and its 200 day moving average price is $23.74. 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.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released 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 business had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The company's revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is -208.33%.

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.