Beacon Pointe Advisors LLC Has $269,000 Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Beacon Pointe Advisors LLC trimmed its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,472 shares of the company's stock after selling 21,808 shares during the quarter. Beacon Pointe Advisors LLC's holdings in American Healthcare REIT were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado purchased a new stake in American Healthcare REIT during the 4th quarter worth $672,000. Boothbay Fund Management LLC lifted its holdings in American Healthcare REIT by 2.9% in the fourth quarter. Boothbay Fund Management LLC now owns 292,242 shares of the company's stock worth $8,306,000 after acquiring an additional 8,149 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in American Healthcare REIT in the fourth quarter valued at approximately $7,719,000. Waterfront Capital Partners LLC bought a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $15,066,000. Finally, Seven Springs Wealth Group LLC raised its position in shares of American Healthcare REIT by 70.3% during the 4th quarter. Seven Springs Wealth Group LLC now owns 26,082 shares of the company's stock worth $741,000 after purchasing an additional 10,770 shares during the period. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Price Performance

NYSE:AHR traded up $2.73 during trading hours on Friday, reaching $34.94. 2,431,093 shares of the company's stock were exchanged, compared to its average volume of 1,806,483. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.51 billion, a P/E ratio of -72.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $35.10. The business's 50-day simple moving average is $30.12 and its two-hundred day simple moving average is $28.70.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. 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 $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same period in the previous year, the firm earned $0.30 earnings per share. American Healthcare REIT's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AHR shares. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley increased their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and an average target price of $33.86.

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.