Golden State Wealth Management LLC Purchases 8,236 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Golden State Wealth Management LLC boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 66.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,654 shares of the company's stock after buying an additional 8,236 shares during the quarter. Golden State Wealth Management LLC's holdings in American Healthcare REIT were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the period. Deutsche Bank AG boosted its position in shares of American Healthcare REIT by 2.3% during the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock valued at $122,513,000 after buying an additional 94,925 shares during the period. Geode Capital Management LLC grew its stake in shares of American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after buying an additional 1,172,670 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of American Healthcare REIT by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock valued at $100,072,000 after buying an additional 422,869 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of American Healthcare REIT by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after buying an additional 237,139 shares during the period. Institutional investors own 16.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AHR shares. 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 objective for the company. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp upped their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT presently has an average rating of "Buy" and an average price target of $37.14.

American Healthcare REIT Stock Down 0.4%

Shares of AHR traded down $0.13 during mid-day trading on Friday, hitting $36.03. The company's stock had a trading volume of 4,109,493 shares, compared to its average volume of 1,925,681. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The company's 50-day moving average is $34.08 and its 200-day moving average is $30.60. American Healthcare REIT, Inc. has a 52-week low of $14.35 and a 52-week high of $36.96. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of -133.44, a PEG ratio of 2.03 and a beta of 1.21.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. American Healthcare REIT's revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's payout ratio is currently -370.37%.

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.