Arkadios Wealth Advisors Acquires 14,464 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Arkadios Wealth Advisors grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 46.7% during the 4th quarter, Holdings Channel reports. The fund owned 45,451 shares of the company’s stock after buying an additional 14,464 shares during the period. Arkadios Wealth Advisors’ holdings in American Healthcare REIT were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AHR. Selective Wealth Management Inc. bought a new position in American Healthcare REIT in the 4th quarter worth $359,000. Merit Financial Group LLC raised its stake in shares of American Healthcare REIT by 1.7% in the fourth quarter. Merit Financial Group LLC now owns 184,234 shares of the company’s stock worth $5,236,000 after buying an additional 2,997 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of American Healthcare REIT during the 4th quarter valued at about $37,000. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT during the 4th quarter valued at approximately $29,000. Finally, Accurate Wealth Management LLC purchased a new stake in American Healthcare REIT in the 4th quarter worth approximately $354,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped 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. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Bank of America upped their price objective 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. 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. Finally, 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Trading Down 2.9 %

Shares of AHR opened at $27.87 on Monday. The stock has a market capitalization of $4.27 billion and a PE ratio of -58.06. The company’s fifty day moving average is $28.11 and its 200 day moving average is $23.80. 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, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.99.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The business’s revenue was up 12.8% on a year-over-year basis. Sell-side analysts expect 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend 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 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.