Golden State Equity Partners Has $402,000 Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Golden State Equity Partners cut its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,145 shares of the company’s stock after selling 1,402 shares during the quarter. Golden State Equity Partners’ holdings in American Healthcare REIT were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the third quarter worth $28,000. Kozak & Associates Inc. bought a new stake in American Healthcare REIT in the third quarter worth $28,000. Finally, Quarry LP bought a new stake in American Healthcare REIT in the third quarter worth $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 2.2 %

NYSE AHR opened at $28.90 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day simple moving average of $28.38 and a 200 day simple moving average of $24.70. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The stock has a market cap of $4.42 billion and a PE ratio of -60.22.

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 the consensus estimate 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. The company’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

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

Wall Street Analyst Weigh In

AHR has been the subject of a number of recent research reports. Truist Financial upped their price objective 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. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.00.

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.