Sound Income Strategies LLC Purchases 2,911 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Sound Income Strategies LLC boosted its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,834 shares of the company’s stock after buying an additional 2,911 shares during the quarter. Sound Income Strategies LLC’s holdings in American Healthcare REIT were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AHR. Cornerstone Wealth Management LLC bought a new position in shares of American Healthcare REIT during the fourth quarter valued at $211,000. Janney Montgomery Scott LLC raised its position in American Healthcare REIT by 4.0% during the 4th 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. Nisa Investment Advisors LLC lifted its holdings in American Healthcare REIT by 82.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the company’s stock worth $1,069,000 after buying an additional 16,948 shares during the period. Diversify Advisory Services LLC grew its position in shares of American Healthcare REIT by 1.3% in the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock valued at $955,000 after buying an additional 436 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in shares of American Healthcare REIT by 32.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 12,581 shares of the company’s stock valued at $358,000 after buying an additional 3,110 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 0.7 %

Shares of NYSE AHR opened at $28.91 on Friday. 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 firm has a market cap of $4.42 billion and a PE ratio of -60.22. The company’s fifty day simple moving average is $28.29 and its 200 day simple moving average is $24.14. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) 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 company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. American Healthcare REIT’s dividend payout ratio is -208.33%.

Analysts Set New Price Targets

AHR has been the topic of several analyst reports. Royal Bank of Canada upped their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One 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 has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

About American Healthcare REIT

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.