Pure Financial Advisors LLC Trims Position in American Healthcare REIT, Inc. (NYSE:AHR)

Pure Financial Advisors LLC trimmed its position in American Healthcare REIT, Inc. (NYSE:AHR) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,555 shares of the company’s stock after selling 4,807 shares during the quarter. Pure Financial Advisors LLC’s holdings in American Healthcare REIT were worth $243,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AHR. Diversify Advisory Services LLC increased its holdings in American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after acquiring an additional 436 shares during the period. GAMMA Investing LLC increased its holdings in shares of American Healthcare REIT by 104.1% in the fourth 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. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after purchasing an additional 654 shares during the period. Fiduciary Alliance LLC raised its position in shares of American Healthcare REIT by 8.0% in the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock worth $289,000 after buying an additional 754 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT during the fourth quarter valued at $29,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

AHR stock opened at $28.26 on Thursday. The firm has a market cap of $4.33 billion and a P/E ratio of -58.88. The firm’s fifty day moving average is $28.18 and its 200 day moving average is $23.98. 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 quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (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 company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.54%. American Healthcare REIT’s payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AHR. Truist Financial raised their price target on 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 raised their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, Morgan Stanley raised their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT 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.