12,002 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,002 shares of the company's stock, valued at approximately $364,000.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of American Healthcare REIT by 42.2% in the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after acquiring an additional 417 shares during the period. Benjamin Edwards Inc. raised its stake in shares of American Healthcare REIT by 3.4% in the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after acquiring an additional 455 shares during the period. Xponance Inc. raised its stake in shares of American Healthcare REIT by 4.3% in the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock valued at $348,000 after acquiring an additional 470 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in American Healthcare REIT by 6.4% during the 1st quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock valued at $330,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $0.31 during midday trading on Friday, hitting $37.55. The company's stock had a trading volume of 356,876 shares, compared to its average volume of 1,652,840. The firm has a market cap of $5.99 billion, a P/E ratio of -139.07, a P/E/G ratio of 2.14 and a beta of 1.09. The firm's fifty day moving average price is $35.96 and its 200-day moving average price is $31.83. American Healthcare REIT, Inc. has a 1-year low of $14.79 and a 1-year high of $38.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $540.60 million for the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.66%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the sale, the executive directly owned 95,671 shares in the company, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.92% of the company's stock.

Analyst Ratings Changes

AHR has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Baird R W raised shares of American Healthcare REIT to a "strong-buy" rating in a report on Thursday, July 17th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. KeyCorp raised their price target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Finally, Scotiabank began coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective for the company. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, American Healthcare REIT currently has an average rating of "Buy" and a consensus price target of $38.11.

About American Healthcare REIT

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.