Kingswood Wealth Advisors LLC Purchases Shares of 10,770 American Healthcare REIT, Inc. (NYSE:AHR)

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

A number of other institutional investors have also bought and sold shares of AHR. GAMMA Investing LLC boosted its position in shares of American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after purchasing an additional 417 shares in the last quarter. Benjamin Edwards Inc. lifted its position in 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 in the last quarter. IFP Advisors Inc lifted its position in American Healthcare REIT by 14.4% in the 4th quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock valued at $134,000 after acquiring an additional 591 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after acquiring an additional 633 shares in the last quarter. Finally, Zacks Investment Management lifted its position in American Healthcare REIT by 1.8% in the 4th quarter. Zacks Investment Management now owns 44,044 shares of the company's stock valued at $1,252,000 after acquiring an additional 774 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

NYSE AHR opened at $35.85 on Monday. American Healthcare REIT, Inc. has a 52-week low of $14.35 and a 52-week high of $36.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $5.72 billion, a P/E ratio of -132.79, a P/E/G ratio of 2.02 and a beta of 1.21. The company has a fifty day moving average of $33.60 and a 200-day moving average of $30.41.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.96% and a negative return on equity of 1.85%. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same period in the previous year, the firm posted $0.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

AHR has been the topic of several recent research reports. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp increased 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 note on Wednesday, June 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $37.14.

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.

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