Boothbay Fund Management LLC lifted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,242 shares of the company's stock after buying an additional 8,149 shares during the quarter. Boothbay Fund Management LLC owned 0.19% of American Healthcare REIT worth $8,306,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of AHR. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after buying an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $33,838,000. Geode Capital Management LLC boosted its stake in shares of American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after buying an additional 1,172,670 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $19,339,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
American Healthcare REIT Trading Up 1.2 %
Shares of American Healthcare REIT stock traded up $0.37 during mid-day trading on Tuesday, hitting $31.96. 1,796,283 shares of the stock were exchanged, compared to its average volume of 1,779,344. American Healthcare REIT, Inc. has a twelve month low of $13.67 and a twelve month high of $32.28. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -66.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company has a 50-day simple moving average of $29.59 and a 200 day simple moving average of $28.35. 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. American Healthcare REIT's dividend payout ratio is currently -370.37%.
Analyst Upgrades and Downgrades
A number of analysts have commented on AHR shares. Jefferies Financial Group started coverage on American Healthcare REIT in a research report on Monday. They set a "buy" rating and a $37.00 target price on the stock. KeyCorp decreased their target price 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. Morgan Stanley boosted their target price on 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 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $33.86.
View Our Latest Stock Analysis on AHR
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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