Seven Springs Wealth Group LLC Has $741,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Seven Springs Wealth Group LLC increased its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,082 shares of the company's stock after purchasing an additional 10,770 shares during the period. Seven Springs Wealth Group LLC's holdings in American Healthcare REIT were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AHR. GAMMA Investing LLC raised its position in American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Carolina Wealth Advisors LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT during the third quarter worth $28,000. Finally, Decker Retirement Planning Inc. bought a new position in American Healthcare REIT in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of recent research reports. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp decreased their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Morgan Stanley increased their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday. They issued a "buy" rating and a $37.00 price target for the company. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus target price of $33.86.

American Healthcare REIT Stock Performance

American Healthcare REIT stock traded up $0.67 during trading hours on Tuesday, hitting $32.26. The company had a trading volume of 691,689 shares, compared to its average volume of 1,677,032. American Healthcare REIT, Inc. has a one year low of $13.67 and a one year high of $32.19. The firm has a market cap of $5.08 billion, a PE ratio of -67.00, a PEG ratio of 1.57 and a beta of 1.42. The firm has a 50-day moving average of $29.59 and a 200 day moving average of $28.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.10%. 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.