Sei Investments Co. Sells 81,012 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Sei Investments Co. trimmed its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 647,663 shares of the company's stock after selling 81,012 shares during the quarter. Sei Investments Co. owned about 0.42% of American Healthcare REIT worth $18,407,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in American Healthcare REIT by 243.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,089 shares of the company's stock valued at $1,395,000 after buying an additional 34,779 shares during the period. Teacher Retirement System of Texas boosted its position in shares of American Healthcare REIT by 276.4% during the 4th quarter. Teacher Retirement System of Texas now owns 150,214 shares of the company's stock worth $4,269,000 after acquiring an additional 110,309 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in American Healthcare REIT by 89.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,756 shares of the company's stock valued at $419,000 after acquiring an additional 6,960 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in American Healthcare REIT by 17.7% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 238,596 shares of the company's stock valued at $6,781,000 after purchasing an additional 35,830 shares in the last quarter. Finally, Xponance Inc. acquired a new position in American Healthcare REIT during the fourth quarter valued at approximately $313,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AHR. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. 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 report on Tuesday, March 25th. 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, March 19th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, KeyCorp lowered their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $33.33.

American Healthcare REIT Trading Up 1.4 %

Shares of NYSE AHR traded up $0.43 during trading on Tuesday, reaching $30.73. The company had a trading volume of 2,538,777 shares, compared to its average volume of 1,718,543. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $31.01. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.84 billion and a P/E ratio of -64.01. The company's fifty day moving average price is $29.10 and its 200-day moving average price is $27.71.

American Healthcare REIT Announces Dividend

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

American Healthcare REIT Company 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.