American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 66.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,768 shares of the company's stock after selling 19,284 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in American Healthcare REIT were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AHR. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the third quarter valued at approximately $28,000. 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. Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT in the fourth quarter worth $29,000. Quarry LP purchased a new position in American Healthcare REIT during the third quarter worth $33,000. Finally, Decker Retirement Planning Inc. bought a new position in American Healthcare REIT during the fourth quarter valued at $37,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Up 1.8 %

American Healthcare REIT stock traded up $0.50 during trading hours on Monday, reaching $27.81. The stock had a trading volume of 1,178,488 shares, compared to its average volume of 1,254,022. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $4.26 billion and a price-to-earnings ratio of -57.94. The business's 50 day moving average price is $28.21 and its 200-day moving average price is $26.04. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. American Healthcare REIT's payout ratio is -208.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AHR shares. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada boosted their target price 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. Finally, Morgan Stanley increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

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.