American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC cut its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 60.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,250 shares of the company’s stock after selling 1,875 shares during the period. Fortitude Family Office LLC’s holdings in American Healthcare REIT were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after acquiring an additional 504 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $33,000. Finally, Tidemark LLC purchased a new stake in shares of American Healthcare REIT in the third quarter valued at approximately $44,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Trading Down 3.5 %

AHR opened at $27.33 on Friday. 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’s 50 day simple moving average is $27.91 and its two-hundred day simple moving average is $23.23. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The firm has a market capitalization of $4.18 billion and a price-to-earnings ratio of -56.94.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on AHR. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, JMP Securities boosted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.00.

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.