American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 103.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,800 shares of the company's stock after purchasing an additional 14,652 shares during the period. Van ECK Associates Corp's holdings in American Healthcare REIT were worth $818,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Creative Planning purchased a new stake in shares of American Healthcare REIT in the third quarter worth about $1,045,000. Foundations Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $568,000. Private Advisor Group LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $1,193,000. International Assets Investment Management LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $45,290,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $496,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock traded up $1.15 during midday trading on Tuesday, reaching $28.90. The company had a trading volume of 1,413,047 shares, compared to its average volume of 1,258,440. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $29.99. The company has a market capitalization of $4.42 billion and a P/E ratio of -60.20. The firm's fifty day simple moving average is $28.21 and its 200-day simple moving average is $26.04.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is presently -208.33%.

Wall Street Analyst Weigh In

AHR has been the topic of several analyst reports. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research report 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 company an "outperform" rating in a research report on Monday, November 18th. Finally, Morgan Stanley lifted their price target on 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.