CreativeOne Wealth LLC Invests $499,000 in American Healthcare REIT, Inc. (NYSE:AHR)

CreativeOne Wealth LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,136 shares of the company’s stock, valued at approximately $499,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in shares of American Healthcare REIT during the first quarter valued at about $16,205,000. Virtu Financial LLC acquired a new position in American Healthcare REIT during the first quarter worth $308,000. CWM LLC acquired a new position in American Healthcare REIT during the second quarter worth $58,000. Manning & Napier Advisors LLC purchased a new position in shares of American Healthcare REIT during the second quarter worth $3,317,000. Finally, SG Americas Securities LLC acquired a new stake in shares of American Healthcare REIT in the second quarter valued at $189,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. Bank of America raised their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. KeyCorp lifted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada boosted 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 note on Monday, November 18th. Finally, JMP Securities lifted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $29.81 on Monday. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $4.56 billion and a PE ratio of -62.10. The business’s fifty day moving average price is $26.28 and its 200 day moving average price is $20.46.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 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, October 18th. Investors of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, September 20th. 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.