Strategic Financial Concepts LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Strategic Financial Concepts LLC acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,652 shares of the company's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors have also modified their holdings of AHR. GAMMA Investing LLC raised its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares during the period. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT in the third quarter valued at approximately $28,000. Kozak & Associates Inc. purchased a new position in American Healthcare REIT in the third quarter valued at approximately $28,000. Finally, Quarry LP purchased a new position in American Healthcare REIT in the third quarter valued at approximately $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Stock Down 0.8 %

Shares of AHR stock traded down $0.23 during mid-day trading on Friday, reaching $28.18. 1,000,228 shares of the company were exchanged, compared to its average volume of 1,136,437. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $29.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $4.31 billion and a P/E ratio of -58.70. The business's 50 day simple moving average is $28.26 and its 200 day simple moving average is $25.56.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Truist Financial lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, December 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.00.

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.