Xponance Inc. Buys Shares of 11,019 American Healthcare REIT, Inc. (NYSE:AHR)

Xponance Inc. acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,019 shares of the company's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in American Healthcare REIT in the 3rd quarter worth $437,000. Intech Investment Management LLC acquired a new position in shares of American Healthcare REIT in the third quarter valued at about $333,000. Charles Schwab Investment Management Inc. raised its stake in shares of American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock worth $49,798,000 after purchasing an additional 1,034,365 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $343,000. Finally, Penserra Capital Management LLC boosted its position in American Healthcare REIT by 9.7% in the third quarter. Penserra Capital Management LLC now owns 34,790 shares of the company's stock valued at $908,000 after buying an additional 3,066 shares during the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded down $0.13 on Monday, hitting $30.30. 4,295,232 shares of the company were exchanged, compared to its average volume of 1,718,995. 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 company has a 50-day moving average price of $29.04 and a 200 day moving average price of $27.66. The stock has a market capitalization of $4.77 billion and a price-to-earnings ratio of -63.13. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $30.97.

American Healthcare REIT Announces Dividend

The business 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 yield of 3.30%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AHR shares. KeyCorp reduced their price target 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. Royal Bank of Canada restated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $33.33.

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.