Onyx Bridge Wealth Group LLC Invests $209,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Onyx Bridge Wealth Group LLC bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,355 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock worth $49,798,000 after purchasing an additional 1,034,365 shares in the last quarter. Janus Henderson Group PLC grew its stake in American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after acquiring an additional 41,755 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at about $568,000. Swiss National Bank grew its stake in American Healthcare REIT by 126.6% during the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after acquiring an additional 162,800 shares in the last quarter. Finally, Hilton Capital Management LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at about $4,777,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

AHR has been the subject of several research reports. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. 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. Royal Bank of Canada upped their price objective on shares of 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, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Stock Up 0.1 %

Shares of AHR opened at $29.36 on Friday. The firm has a market cap of $4.49 billion and a P/E ratio of -61.16. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The company’s 50-day moving average price is $28.35 and its 200 day moving average price is $24.91. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.41%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

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.