Cosner Financial Group LLC Sells 9,713 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Cosner Financial Group LLC cut its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 14.9% in the fourth quarter, HoldingsChannel reports. The fund owned 55,276 shares of the company’s stock after selling 9,713 shares during the period. American Healthcare REIT makes up approximately 1.0% of Cosner Financial Group LLC’s holdings, making the stock its 18th largest holding. Cosner Financial Group LLC’s holdings in American Healthcare REIT were worth $1,571,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AHR. Diversify Advisory Services LLC raised its holdings in shares of American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after acquiring an additional 436 shares in the last quarter. GAMMA Investing LLC raised its holdings in American Healthcare REIT by 104.1% during 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 period. Janney Montgomery Scott LLC raised its holdings in American Healthcare REIT by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock valued at $395,000 after buying an additional 533 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after buying an additional 654 shares during the period. Finally, Fiduciary Alliance LLC grew its position in American Healthcare REIT by 8.0% in the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock valued at $289,000 after acquiring an additional 754 shares during the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Stock Down 0.8 %

American Healthcare REIT stock opened at $28.18 on Monday. The firm has a market cap of $4.31 billion and a price-to-earnings ratio of -58.70. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. The business’s 50-day moving average price is $28.26 and its 200 day moving average price is $25.56. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.55%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

American Healthcare REIT Company 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.