Advisory Resource Group Has $769,000 Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Advisory Resource Group cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 9.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,395 shares of the company’s stock after selling 2,552 shares during the quarter. Advisory Resource Group’s holdings in American Healthcare REIT were worth $769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AHR. Richardson Capital Management LLC bought a new position in American Healthcare REIT in the fourth quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 633 shares in the last quarter. GAMMA Investing LLC grew its position in American Healthcare REIT by 42.2% in 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. Harbor Capital Advisors Inc. grew its holdings in shares of American Healthcare REIT by 206.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,442 shares of the company’s stock valued at $44,000 after acquiring an additional 971 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of American Healthcare REIT by 330.8% during the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company’s stock valued at $74,000 after purchasing an additional 2,008 shares during the last quarter. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Up 0.9%

AHR stock opened at $35.78 on Thursday. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of -132.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. 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 business’s 50 day moving average price is $33.33 and its two-hundred day moving average price is $30.30. American Healthcare REIT, Inc. has a fifty-two week low of $14.32 and a fifty-two week high of $36.33.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $540.60 million for the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.96% and a negative return on equity of 1.85%. American Healthcare REIT’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, analysts forecast that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AHR has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial lifted their target price on shares of American Healthcare REIT from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a “buy” rating and a $37.00 price objective for the company. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $37.14.

American Healthcare REIT 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.