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

Perigon Wealth Management LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities & 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT during the 3rd quarter worth $28,000. GAMMA Investing LLC boosted its position in American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after buying an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter valued at $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT during the third quarter worth $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

AHR opened at $28.28 on Friday. The stock has a market cap of $4.33 billion and a P/E ratio of -58.91. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. 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 company has a fifty day simple moving average of $28.38 and a 200 day simple moving average of $24.59.

American Healthcare REIT (NYSE:AHR) last announced its quarterly 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). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The business also recently declared 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 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Analysts Set New Price Targets

Several research firms recently issued reports on AHR. Truist Financial raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Healthcare REIT has an average rating of “Moderate Buy” and an average target price of $26.00.

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.