Foundations Investment Advisors LLC Sells 12,430 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Foundations Investment Advisors LLC decreased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,314 shares of the company’s stock after selling 12,430 shares during the period. Foundations Investment Advisors LLC’s holdings in American Healthcare REIT were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHR. Thrivent Financial for Lutherans bought a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $1,202,000. The Manufacturers Life Insurance Company bought a new position in American Healthcare REIT in the second quarter valued at approximately $352,000. SG Americas Securities LLC grew its holdings in American Healthcare REIT by 184.0% during the 3rd quarter. SG Americas Securities LLC now owns 36,778 shares of the company’s stock worth $960,000 after acquiring an additional 23,827 shares during the period. Park Avenue Securities LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $286,000. Finally, Mather Group LLC. acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $182,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Down 1.8 %

Shares of AHR stock opened at $28.28 on Friday. The company has a market capitalization of $4.33 billion and a price-to-earnings ratio of -58.91. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The firm has a fifty day moving average of $28.38 and a 200-day moving average of $24.59. 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) last released its quarterly 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 firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Analyst Ratings Changes

AHR has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Truist Financial lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada increased their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.