Carolina Wealth Advisors LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Carolina Wealth Advisors LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,035 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in American Healthcare REIT by 11.8% in the second quarter. Commonwealth Equity Services LLC now owns 23,015 shares of the company’s stock valued at $336,000 after acquiring an additional 2,429 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $1,503,000. Arizona State Retirement System acquired a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $267,000. State of New Jersey Common Pension Fund D bought a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $1,227,000. Finally, Renaissance Technologies LLC bought a new position in shares of American Healthcare REIT during the 2nd quarter worth approximately $3,821,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AHR. Royal Bank of Canada boosted their price target 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. JMP Securities upped their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Truist Financial upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. 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.com, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Price Performance

AHR opened at $27.91 on Thursday. The stock has a 50-day moving average price of $28.03 and a 200-day moving average price of $23.56. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $4.27 billion and a P/E ratio of -58.15.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million during 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. Equities analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

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.