OVERSEA CHINESE BANKING Corp Ltd increased its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,596 shares of the company's stock after buying an additional 35,830 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.16% of American Healthcare REIT worth $6,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC increased its stake in American Healthcare REIT by 104.1% in the 4th 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 American Healthcare REIT in the 4th quarter worth approximately $29,000. Richardson Capital Management LLC purchased a new position in American Healthcare REIT in the 4th quarter worth approximately $29,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the 3rd quarter worth approximately $33,000. Institutional investors own 16.68% of the company's stock.
American Healthcare REIT Trading Down 0.8 %
Shares of AHR stock traded down $0.25 on Friday, reaching $29.59. 3,562,960 shares of the company's stock were exchanged, compared to its average volume of 1,634,642. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. 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 market capitalization of $4.66 billion and a PE ratio of -61.64. The company's fifty day simple moving average is $28.75 and its 200 day simple moving average is $27.31.
American Healthcare REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend yield of 3.38%. American Healthcare REIT's dividend payout ratio is presently -370.37%.
Analyst Ratings Changes
AHR has been the topic of a number of analyst reports. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, December 30th. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday. Finally, Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Buy" and a consensus target price of $30.83.
View Our Latest Report on AHR
American Healthcare REIT Company Profile
(
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.
Featured Stories
Before you consider American Healthcare REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Healthcare REIT wasn't on the list.
While American Healthcare REIT currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
