Diversify Wealth Management LLC Sells 947 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Diversify Wealth Management LLC decreased its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,175 shares of the company’s stock after selling 947 shares during the period. Diversify Wealth Management LLC’s holdings in American Healthcare REIT were worth $604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT during the third quarter worth approximately $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT in the 3rd quarter valued at $28,000. GAMMA Investing LLC increased its stake in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the 4th quarter valued at $29,000. Finally, Amalgamated Bank bought a new stake in American Healthcare REIT during the 2nd quarter worth $33,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Royal Bank of Canada boosted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company 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 research note on Friday, November 15th. Bank of America upped their price target on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $27.92 on Wednesday. The stock has a fifty day simple moving average of $28.14 and a two-hundred day simple moving average of $23.89. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The firm has a market cap of $4.27 billion and a price-to-earnings ratio of -58.16. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.58%. American Healthcare REIT’s dividend payout ratio is currently -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.