Centersquare Investment Management LLC Has $107.98 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Centersquare Investment Management LLC cut its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,799,365 shares of the company's stock after selling 301,513 shares during the period. American Healthcare REIT makes up about 1.1% of Centersquare Investment Management LLC's holdings, making the stock its 28th biggest position. Centersquare Investment Management LLC owned 2.48% of American Healthcare REIT worth $107,978,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AHR. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after buying an additional 504 shares during the period. Carolina Wealth Advisors LLC acquired a new position in American Healthcare REIT during the fourth quarter valued at $29,000. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the fourth quarter valued at $29,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT in the 3rd quarter worth about $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AHR has been the topic of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp reduced their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $33.33.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded down $0.42 during midday trading on Wednesday, hitting $26.91. The company's stock had a trading volume of 540,695 shares, compared to its average volume of 1,755,518. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock's 50 day simple moving average is $29.07 and its 200 day simple moving average is $27.85. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of -56.08, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $31.61.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.72%. American Healthcare REIT's payout ratio is -370.37%.

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.