Axxcess Wealth Management LLC Cuts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Axxcess Wealth Management LLC lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,971 shares of the company's stock after selling 10,647 shares during the quarter. Axxcess Wealth Management LLC's holdings in American Healthcare REIT were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT in the third quarter worth approximately $28,000. GAMMA Investing LLC boosted its position in 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 period. Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT in the 4th quarter worth $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter valued at about $29,000. Finally, Quarry LP bought a new position in shares of American Healthcare REIT during the third quarter valued at about $33,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Down 1.6 %

AHR stock traded down $0.48 during midday trading on Wednesday, hitting $29.83. The stock had a trading volume of 3,153,565 shares, compared to its average volume of 1,650,080. The business has a 50-day moving average of $28.88 and a two-hundred day moving average of $27.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $4.70 billion and a price-to-earnings ratio of -62.15. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $30.97.

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American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.35%. American Healthcare REIT's payout ratio is -370.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AHR shares. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $32.17.

American Healthcare REIT Company 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.