Apollon Wealth Management LLC Buys 6,425 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Apollon Wealth Management LLC raised its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 40.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,128 shares of the company’s stock after acquiring an additional 6,425 shares during the quarter. Apollon Wealth Management LLC’s holdings in American Healthcare REIT were worth $629,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after buying an additional 2,747,960 shares in the last quarter. State Street Corp increased its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares in the last quarter. FMR LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at $56,575,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock valued at $41,902,000 after buying an additional 1,582,426 shares in the last quarter. 16.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AHR. Truist Financial raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada raised their target price 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Price Performance

Shares of AHR stock opened at $27.40 on Thursday. The stock has a 50-day moving average price of $28.30 and a 200 day moving average price of $25.31. 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 firm has a market cap of $4.19 billion and a price-to-earnings ratio of -57.08. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $29.99.

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

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. American Healthcare REIT’s payout ratio is currently -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.