Hilton Capital Management LLC reduced its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,686 shares of the company's stock after selling 26,353 shares during the quarter. Hilton Capital Management LLC owned about 0.10% of American Healthcare REIT worth $4,453,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after buying an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after buying an additional 2,750,137 shares in the last quarter. State Street Corp lifted its stake in shares of American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after buying an additional 2,538,177 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock valued at $65,975,000 after buying an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of American Healthcare REIT during the 3rd quarter valued at approximately $56,575,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on AHR shares. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. Royal Bank of Canada upped their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $30.17.
Check Out Our Latest Stock Report on AHR
American Healthcare REIT Price Performance
Shares of NYSE:AHR traded down $0.35 during trading on Tuesday, reaching $29.37. The company had a trading volume of 1,159,049 shares, compared to its average volume of 1,610,082. The company has a fifty day moving average of $28.60 and a two-hundred day moving average of $27.10. The stock has a market capitalization of $4.63 billion and a P/E ratio of -61.18. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $30.97. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's payout ratio is -370.37%.
American Healthcare REIT Profile
(
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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