RFG Advisory LLC Decreases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

RFG Advisory LLC lowered its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 33.3% in the 1st quarter, Holdings Channel reports. The firm owned 13,955 shares of the company’s stock after selling 6,964 shares during the period. RFG Advisory LLC’s holdings in American Healthcare REIT were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Benjamin Edwards Inc. raised its stake in shares of American Healthcare REIT by 3.4% in the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company’s stock worth $396,000 after purchasing an additional 455 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock worth $395,000 after purchasing an additional 533 shares during the last quarter. IFP Advisors Inc raised its stake in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock worth $134,000 after purchasing an additional 591 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of American Healthcare REIT by 189.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 633 shares during the last quarter. Finally, Zacks Investment Management raised its stake in shares of American Healthcare REIT by 1.8% in the fourth quarter. Zacks Investment Management now owns 44,044 shares of the company’s stock worth $1,252,000 after purchasing an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $35.51 on Friday. The stock has a 50-day simple moving average of $32.26 and a two-hundred day simple moving average of $29.94. American Healthcare REIT, Inc. has a 52-week low of $14.32 and a 52-week high of $35.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $5.66 billion, a PE ratio of -73.99, a P/E/G ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. 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 $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. American Healthcare REIT’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, March 31st. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Analysts Set New Price Targets

AHR has been the subject of several recent analyst reports. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a “buy” rating and a $37.00 price objective for the company. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, May 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $35.00.

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.