Envestnet Asset Management Inc. Reduces Position in American Healthcare REIT, Inc. (NYSE:AHR)

Envestnet Asset Management Inc. trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 320,179 shares of the company's stock after selling 26,536 shares during the period. Envestnet Asset Management Inc. owned approximately 0.21% of American Healthcare REIT worth $9,099,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT in the third quarter worth $28,000. GAMMA Investing LLC increased its position in American Healthcare REIT by 104.1% in 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 in the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT in the fourth quarter worth approximately $29,000. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT during the fourth quarter valued at approximately $29,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of American Healthcare REIT in the 4th quarter worth $37,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

AHR stock traded up $0.04 during mid-day trading on Wednesday, hitting $30.21. The company had a trading volume of 417,871 shares, compared to its average volume of 1,756,144. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $4.76 billion, a PE ratio of -62.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $31.61. The stock's fifty day moving average price is $29.34 and its two-hundred day moving average price is $28.14.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.31%. American Healthcare REIT's payout ratio is -370.37%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley increased their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp cut their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $33.33.

About American Healthcare REIT

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.