Charles Schwab Investment Management Inc. boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,145,125 shares of the company's stock after purchasing an additional 237,139 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.40% of American Healthcare REIT worth $60,964,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT in the third quarter valued at $28,000. GAMMA Investing LLC increased its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Richardson Capital Management LLC acquired a new position in shares of American Healthcare REIT in the fourth quarter worth $29,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter valued at $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AHR has been the topic of a number of recent analyst reports. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial upped their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $28.43.
View Our Latest Analysis on AHR
American Healthcare REIT Stock Performance
Shares of American Healthcare REIT stock traded up $0.32 during trading hours on Thursday, hitting $28.92. 1,738,110 shares of the company were exchanged, compared to its average volume of 1,623,668. The stock has a market capitalization of $4.56 billion and a price-to-earnings ratio of -60.26. The business has a 50-day moving average of $28.52 and a 200-day moving average of $26.88. 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, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97.
American Healthcare REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. American Healthcare REIT's payout ratio is currently -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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