American Healthcare REIT, Inc. (NYSE:AHR) Position Cut by Greenland Capital Management LP

Greenland Capital Management LP reduced its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 66.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,000 shares of the company's stock after selling 156,001 shares during the quarter. Greenland Capital Management LP owned 0.05% of American Healthcare REIT worth $2,274,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AHR. Janus Henderson Group PLC lifted its stake in shares of American Healthcare REIT by 79.8% during the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock worth $2,456,000 after purchasing an additional 41,755 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in American Healthcare REIT in the 4th quarter worth approximately $758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in American Healthcare REIT by 407.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,497 shares of the company's stock valued at $9,305,000 after acquiring an additional 286,292 shares in the last quarter. Zacks Investment Management acquired a new stake in American Healthcare REIT in the third quarter valued at approximately $1,129,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $5,552,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Wall Street Analyst Weigh In

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

American Healthcare REIT Stock Up 1.2 %

NYSE AHR traded up $0.34 on Friday, hitting $29.30. 1,360,022 shares of the stock traded hands, compared to its average volume of 1,754,335. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $29.11 and a 200 day moving average of $27.93. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $31.61. The company has a market capitalization of $4.62 billion, a P/E ratio of -61.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

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.