Cosner Financial Group LLC lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,276 shares of the company's stock after selling 9,713 shares during the quarter. American Healthcare REIT accounts for about 1.0% of Cosner Financial Group LLC's investment portfolio, making the stock its 18th biggest holding. Cosner Financial Group LLC's holdings in American Healthcare REIT were worth $1,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of American Healthcare REIT by 29.0% in the fourth 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 during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of American Healthcare REIT by 64.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 216,703 shares of the company's stock valued at $6,159,000 after buying an additional 84,703 shares during the period. Csenge Advisory Group boosted its holdings in shares of American Healthcare REIT by 6.5% in the fourth quarter. Csenge Advisory Group now owns 25,322 shares of the company's stock valued at $720,000 after buying an additional 1,554 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $633,000. Finally, Strategic Financial Concepts LLC acquired a new position in American Healthcare REIT during the fourth quarter worth $331,000. Institutional investors and hedge funds own 16.68% of the company's stock.
Wall Street Analysts Forecast Growth
AHR has been the subject of several recent research reports. Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada increased 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, Morgan Stanley increased 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.
Read Our Latest Report on American Healthcare REIT
American Healthcare REIT Stock Performance
NYSE AHR traded up $0.22 on Thursday, hitting $27.87. 1,389,751 shares of the stock were exchanged, compared to its average volume of 1,248,632. 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 business's fifty day moving average is $28.24 and its 200 day moving average is $25.75. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. The company has a market capitalization of $4.27 billion and a PE ratio of -58.05.
American Healthcare REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's payout ratio is presently -208.33%.
American Healthcare REIT Company Profile
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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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