LPL Financial LLC Has $24.16 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

LPL Financial LLC cut its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 850,234 shares of the company's stock after selling 108,916 shares during the period. LPL Financial LLC owned approximately 0.56% of American Healthcare REIT worth $24,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AHR. Intech Investment Management LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $333,000. Charles Schwab Investment Management Inc. lifted its stake in American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. FMR LLC acquired a new position in shares of American Healthcare REIT during the 3rd quarter worth about $56,575,000. Townsquare Capital LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at about $278,000. Finally, CreativeOne Wealth LLC bought a new stake in American Healthcare REIT in the 3rd quarter valued at $499,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AHR shares. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp reduced their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday. Morgan Stanley lifted their price objective on 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 report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $33.33.

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American Healthcare REIT Trading Down 3.4 %

Shares of NYSE:AHR traded down $1.04 during midday trading on Friday, hitting $29.37. 536,196 shares of the stock were exchanged, compared to its average volume of 1,716,670. The business's 50-day moving average price is $29.18 and its 200 day moving average price is $27.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $31.61. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -61.13, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

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

American Healthcare REIT Profile

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.