Larson Financial Group LLC Buys Shares of 12,652 American Healthcare REIT, Inc. (NYSE:AHR)

Larson Financial Group LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,652 shares of the company’s stock, valued at approximately $330,000.

Several other large investors also recently modified their holdings of AHR. Principal Financial Group Inc. increased its position in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in American Healthcare REIT by 6,875.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the last quarter. Goldentree Asset Management LP bought a new stake in American Healthcare REIT in the 1st quarter valued at about $22,125,000. Vanguard Group Inc. purchased a new stake in American Healthcare REIT during the first quarter valued at about $16,205,000. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 during the period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AHR shares. Bank of America boosted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. KeyCorp increased their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Truist Financial lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Morgan Stanley lifted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.13.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $29.36 on Wednesday. The business has a 50-day simple moving average of $26.01 and a 200 day simple moving average of $20.14. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.52. The stock has a market cap of $4.49 billion and a price-to-earnings ratio of -61.17. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $474.26 million. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, research analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio 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.