Private Advisor Group LLC Reduces Position in American Healthcare REIT, Inc. (NYSE:AHR)

Private Advisor Group LLC lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,972 shares of the company's stock after selling 14,726 shares during the quarter. Private Advisor Group LLC's holdings in American Healthcare REIT were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AHR. GAMMA Investing LLC raised its stake in shares of 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 last quarter. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT during the third quarter valued at approximately $28,000. Quarry LP acquired a new position in American Healthcare REIT in the third quarter valued at approximately $33,000. Finally, Decker Retirement Planning Inc. purchased a new stake in American Healthcare REIT in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Price Performance

AHR traded up $0.70 during midday trading on Monday, hitting $30.49. 3,049,575 shares of the company traded hands, compared to its average volume of 1,582,324. The business has a 50 day simple moving average of $28.37 and a two-hundred day simple moving average of $26.39. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $30.90. The company has a market capitalization of $4.67 billion and a price-to-earnings ratio of -63.52. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Analyst Upgrades and Downgrades

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

About American Healthcare REIT

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.