Kingswood Wealth Advisors LLC Invests $332,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Kingswood Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,770 shares of the company's stock, valued at approximately $332,000.

Several other large investors have also modified their holdings of AHR. Rhumbline Advisers lifted its stake in American Healthcare REIT by 128.5% during the fourth quarter. Rhumbline Advisers now owns 256,293 shares of the company's stock valued at $7,284,000 after buying an additional 144,119 shares in the last quarter. Truist Financial Corp lifted its position in shares of American Healthcare REIT by 16.5% in the 4th quarter. Truist Financial Corp now owns 14,229 shares of the company's stock valued at $404,000 after acquiring an additional 2,019 shares in the last quarter. New York State Common Retirement Fund grew its position in American Healthcare REIT by 58.6% during the 4th quarter. New York State Common Retirement Fund now owns 34,100 shares of the company's stock worth $969,000 after purchasing an additional 12,600 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in American Healthcare REIT during the 4th quarter valued at $1,103,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter valued at $29,000. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AHR shares. Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank Of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Finally, Truist Financial increased their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $37.14.

American Healthcare REIT Stock Down 0.1%

Shares of AHR traded down $0.04 during mid-day trading on Thursday, hitting $36.12. 1,297,971 shares of the company's stock were exchanged, compared to its average volume of 1,916,946. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of -133.79, a P/E/G ratio of 2.03 and a beta of 1.21. The firm has a fifty day moving average of $33.97 and a two-hundred day moving average of $30.55. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a twelve month low of $14.35 and a twelve month high of $36.96.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating 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 business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.77%. American Healthcare REIT's dividend payout ratio (DPR) is presently -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.