HighPoint Advisor Group LLC Sells 49,577 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

HighPoint Advisor Group LLC trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,739 shares of the company's stock after selling 49,577 shares during the quarter. HighPoint Advisor Group LLC owned about 0.06% of American Healthcare REIT worth $2,561,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of American Healthcare REIT during the third quarter worth about $333,000. FMR LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter worth $56,575,000. Townsquare Capital LLC purchased a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $278,000. CreativeOne Wealth LLC purchased a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $499,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of American Healthcare REIT by 181.7% during the 3rd quarter. MetLife Investment Management LLC now owns 52,344 shares of the company's stock worth $1,366,000 after acquiring an additional 33,760 shares during the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 6.3 %

Shares of American Healthcare REIT stock traded down $1.91 on Friday, hitting $28.49. The stock had a trading volume of 2,545,126 shares, compared to its average volume of 1,732,308. 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, Inc. has a one year low of $12.81 and a one year high of $31.61. The stock's 50-day simple moving average is $29.18 and its two-hundred day simple moving average is $27.80. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of -59.35, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AHR. KeyCorp lowered their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped their target price on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $33.33.

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.