American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,065 shares of the company's stock after selling 66,832 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of American Healthcare REIT worth $9,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Diversify Advisory Services LLC lifted its holdings in shares of American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock valued at $955,000 after purchasing an additional 436 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of American Healthcare REIT by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock valued at $395,000 after purchasing an additional 533 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after acquiring an additional 654 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its stake in American Healthcare REIT by 8.0% in the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after acquiring an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada raised their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Finally, Morgan Stanley raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Stock Performance

AHR traded down $0.23 during midday trading on Friday, hitting $28.18. 1,000,228 shares of the company were exchanged, compared to its average volume of 1,136,437. The company's 50 day simple moving average is $28.26 and its 200 day simple moving average is $25.56. The firm has a market capitalization of $4.31 billion and a price-to-earnings ratio of -58.70. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $29.99.

American Healthcare REIT Announces Dividend

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

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.