EverSource Wealth Advisors LLC Acquires 12,882 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

EverSource Wealth Advisors LLC grew its position in American Healthcare REIT, Inc. (NYSE:AHR) by 9.5% in the fourth quarter, Holdings Channel reports. The fund owned 149,161 shares of the company’s stock after acquiring an additional 12,882 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in American Healthcare REIT were worth $4,239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AHR. Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT in the third quarter worth approximately $28,000. GAMMA Investing LLC lifted its position in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT in the 4th quarter valued at $29,000. Richardson Capital Management LLC bought a new position in American Healthcare REIT during the fourth quarter valued at about $29,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT during the third quarter worth about $33,000. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AHR shares. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley raised their target price 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 target price 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. Finally, Truist Financial increased 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $28.43.

American Healthcare REIT Stock Up 3.0 %

Shares of NYSE AHR opened at $28.79 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.54 billion and a P/E ratio of -59.97. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. The business has a 50-day simple moving average of $28.51 and a two-hundred day simple moving average of $26.87.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.47%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

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.