Cerity Partners LLC raised its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 177.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,109 shares of the company's stock after buying an additional 20,516 shares during the quarter. Cerity Partners LLC's holdings in American Healthcare REIT were worth $912,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. MML Investors Services LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $599,000. Barclays PLC increased its holdings in shares of American Healthcare REIT by 135.5% in the 3rd quarter. Barclays PLC now owns 178,316 shares of the company's stock worth $4,654,000 after acquiring an additional 102,588 shares during the period. Geode Capital Management LLC boosted its stake in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock valued at $65,975,000 after purchasing an additional 1,094,296 shares during the period. McIlrath & Eck LLC bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $55,000. Finally, Advisory Resource Group bought a new position in American Healthcare REIT in the 3rd quarter worth approximately $754,000. Institutional investors and hedge funds own 16.68% of the company's stock.
Analysts Set New Price Targets
AHR has been the topic of a number of recent analyst reports. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp decreased their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Buy" and an average target price of $33.33.
Check Out Our Latest Report on American Healthcare REIT
American Healthcare REIT Trading Up 0.1 %
NYSE AHR traded up $0.03 on Thursday, hitting $30.44. 196,114 shares of the stock were exchanged, compared to its average volume of 1,756,529. The company's 50-day moving average price is $29.39 and its two-hundred day moving average price is $28.16. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -63.47, a P/E/G ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 52-week low of $13.35 and a 52-week high of $31.61. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is presently -370.37%.
About American Healthcare REIT
(
Free Report)
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.
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