Spire Wealth Management Invests $419,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Spire Wealth Management purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,744 shares of the company's stock, valued at approximately $419,000.

Several other large investors have also added to or reduced their stakes in AHR. Charles Schwab Investment Management Inc. boosted its stake in shares of American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock worth $49,798,000 after buying an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of American Healthcare REIT by 79.8% in the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock worth $2,456,000 after buying an additional 41,755 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of American Healthcare REIT in the third quarter worth about $568,000. Swiss National Bank boosted its stake in shares of American Healthcare REIT by 126.6% in the third quarter. Swiss National Bank now owns 291,400 shares of the company's stock worth $7,606,000 after buying an additional 162,800 shares during the last quarter. Finally, Hilton Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the third quarter worth about $4,777,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AHR. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Royal Bank of Canada upped their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded down $0.10 during mid-day trading on Friday, reaching $29.30. 1,043,423 shares of the stock traded hands, compared to its average volume of 1,136,437. The business has a 50-day moving average of $28.34 and a 200 day moving average of $25.03. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $29.99. The stock has a market capitalization of $4.48 billion and a PE ratio of -61.04. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $474.26 million. The firm's revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

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

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.