Cornerstone Wealth Management LLC Acquires Shares of 7,440 American Healthcare REIT, Inc. (NYSE:AHR)

Cornerstone Wealth Management LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,440 shares of the company’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake 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 buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the third quarter worth approximately $28,000. Kozak & Associates Inc. acquired a new position in American Healthcare REIT in the third quarter valued at approximately $28,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter valued at approximately $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $28.91 on Monday. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99. The stock’s 50-day moving average price is $28.29 and its 200 day moving average price is $24.26. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $4.42 billion and a PE ratio of -60.22.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

Analyst Ratings Changes

AHR has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.