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

Sound Income Strategies LLC grew its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 49.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,834 shares of the company’s stock after purchasing an additional 2,911 shares during the period. Sound Income Strategies LLC’s holdings in American Healthcare REIT were worth $251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC bought a new stake in American Healthcare REIT during the 4th quarter worth approximately $211,000. Janney Montgomery Scott LLC increased its holdings 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 in the last quarter. Nisa Investment Advisors LLC increased 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 purchasing an additional 16,948 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after purchasing an additional 436 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings 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 acquiring an additional 3,110 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AHR shares. 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 target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $28.91 on Friday. 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 business’s 50 day simple moving average is $28.29 and its 200 day simple moving average is $24.14. The company has a market cap of $4.42 billion and a price-to-earnings ratio of -60.22.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS 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 firm had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side 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. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 currently -208.33%.

American Healthcare REIT 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.