Perigon Wealth Management LLC Sells 9,904 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Perigon Wealth Management LLC cut its position in American Healthcare REIT, Inc. (NYSE:AHR) by 30.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,114 shares of the company’s stock after selling 9,904 shares during the quarter. Perigon Wealth Management LLC’s holdings in American Healthcare REIT were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AHR. Thrivent Financial for Lutherans acquired a new stake in shares of American Healthcare REIT in the second quarter valued at about $1,202,000. The Manufacturers Life Insurance Company bought a new stake in American Healthcare REIT during the 2nd quarter valued at approximately $352,000. SG Americas Securities LLC grew its holdings in American Healthcare REIT by 184.0% in the 3rd quarter. SG Americas Securities LLC now owns 36,778 shares of the company’s stock valued at $960,000 after buying an additional 23,827 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $286,000. Finally, Mather Group LLC. acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $182,000. Institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AHR. 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. Morgan Stanley increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Royal Bank of Canada boosted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Trading Down 1.8 %

Shares of AHR opened at $28.28 on Friday. The stock has a 50 day simple moving average of $28.38 and a 200-day simple moving average of $24.59. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.33 billion and a PE ratio of -58.91. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

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.