Glass Jacobson Investment Advisors llc cut its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,666 shares of the company's stock after selling 37,358 shares during the quarter. Glass Jacobson Investment Advisors llc's holdings in American Healthcare REIT were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AHR. GAMMA Investing LLC grew its holdings 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 valued at $28,000 after purchasing an additional 504 shares in the last quarter. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the 4th quarter worth approximately $29,000. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at $28,000. Finally, Quarry LP acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AHR. KeyCorp cut their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley boosted their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Finally, Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus target price of $33.33.
View Our Latest Research Report on AHR
American Healthcare REIT Trading Down 1.0 %
Shares of NYSE:AHR traded down $0.30 during midday trading on Wednesday, reaching $30.04. The company's stock had a trading volume of 320,759 shares, compared to its average volume of 1,747,972. 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 firm has a market cap of $4.73 billion, a price-to-earnings ratio of -62.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The business has a 50 day moving average price of $29.14 and a 200 day moving average price of $27.97. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $31.61.
American Healthcare REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.
About American Healthcare REIT
(
Free Report)
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.
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