Petra Financial Advisors Inc. lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,404 shares of the company's stock after selling 21,280 shares during the period. Petra Financial Advisors Inc.'s holdings in American Healthcare REIT were worth $495,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new position in shares of American Healthcare REIT in the 4th quarter valued at about $404,000. Creative Financial Designs Inc. ADV lifted its stake in American Healthcare REIT by 33.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,601 shares of the company's stock worth $387,000 after acquiring an additional 3,372 shares during the last quarter. Swiss National Bank grew its holdings in American Healthcare REIT by 2.4% during the 4th quarter. Swiss National Bank now owns 298,500 shares of the company's stock worth $8,483,000 after acquiring an additional 7,100 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of American Healthcare REIT by 3.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 27,545 shares of the company's stock valued at $783,000 after purchasing an additional 1,024 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of American Healthcare REIT by 9.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 149,161 shares of the company's stock valued at $4,239,000 after purchasing an additional 12,882 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.
Wall Street Analysts Forecast Growth
AHR has been the topic of several recent analyst reports. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday. Finally, Morgan Stanley upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $30.83.
View Our Latest Report on American Healthcare REIT
American Healthcare REIT Stock Performance
NYSE AHR traded down $0.25 on Friday, reaching $29.59. The stock had a trading volume of 3,562,960 shares, compared to its average volume of 1,630,285. The stock has a market cap of $4.66 billion and a P/E ratio of -61.64. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $30.97. The business's 50-day moving average price is $28.71 and its 200 day moving average price is $27.20. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 3.38%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.
About American Healthcare REIT
(
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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