Wealth Enhancement Advisory Services LLC Has $823,000 Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Wealth Enhancement Advisory Services LLC cut its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,946 shares of the company's stock after selling 22,615 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in American Healthcare REIT were worth $823,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT in the 4th quarter worth about $29,000. Indiana Trust & Investment Management Co purchased a new stake in shares of American Healthcare REIT in the fourth quarter worth approximately $57,000. Assetmark Inc. boosted its holdings in shares of American Healthcare REIT by 330.8% during the fourth quarter. Assetmark Inc. now owns 2,615 shares of the company's stock worth $74,000 after purchasing an additional 2,008 shares during the period. GF Fund Management CO. LTD. purchased a new position in American Healthcare REIT during the fourth quarter valued at approximately $78,000. Finally, Promus Capital LLC purchased a new position in American Healthcare REIT during the fourth quarter valued at approximately $86,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR stock traded up $0.01 during trading on Tuesday, reaching $35.21. The company had a trading volume of 1,616,290 shares, compared to its average volume of 1,680,168. The firm's 50 day simple moving average is $32.35 and its two-hundred day simple moving average is $30.01. American Healthcare REIT, Inc. has a one year low of $14.32 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $5.62 billion, a PE ratio of -73.35, a PEG ratio of 1.57 and a beta of 1.21.

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, topping analysts' consensus estimates of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. During the same period in the previous year, the company earned $0.30 earnings per share. American Healthcare REIT's revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AHR shares. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley lifted their price objective 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. KeyCorp dropped their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $36.29.

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.