Raymond James Financial Inc. purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 111,290 shares of the company's stock, valued at approximately $3,163,000. Raymond James Financial Inc. owned 0.07% of American Healthcare REIT as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in American Healthcare REIT during the 4th quarter valued at about $86,000. Arizona State Retirement System increased its stake in shares of American Healthcare REIT by 121.2% in the fourth quarter. Arizona State Retirement System now owns 44,049 shares of the company's stock valued at $1,252,000 after purchasing an additional 24,138 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of American Healthcare REIT during the fourth quarter valued at approximately $33,838,000. M&T Bank Corp boosted its position in shares of American Healthcare REIT by 31.3% during the fourth quarter. M&T Bank Corp now owns 11,629 shares of the company's stock worth $330,000 after buying an additional 2,775 shares during the period. Finally, Assetmark Inc. grew its holdings in American Healthcare REIT by 330.8% in the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company's stock worth $74,000 after buying an additional 2,008 shares in the last quarter. Institutional investors own 16.68% of the company's stock.
American Healthcare REIT Price Performance
Shares of NYSE:AHR traded down $0.13 during trading hours on Monday, hitting $30.30. 4,295,232 shares of the company's stock traded hands, compared to its average volume of 1,718,995. The company's fifty day simple moving average is $29.04 and its two-hundred day simple moving average is $27.66. The company has a market cap of $4.77 billion and a price-to-earnings ratio of -63.13. 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 52 week low of $12.81 and a 52 week high of $30.97.
American Healthcare REIT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on AHR. Morgan Stanley lifted their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp dropped 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 research report on Monday. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $33.33.
Check Out Our Latest Analysis 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.
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