Capstone Investment Advisors LLC Takes $2.17 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Capstone Investment Advisors LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 76,418 shares of the company's stock, valued at approximately $2,172,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AHR. Balyasny Asset Management L.P. purchased a new position in shares of American Healthcare REIT in the 4th quarter worth approximately $7,743,000. Bamco Inc. NY bought a new stake in American Healthcare REIT in the fourth quarter worth $5,370,000. Bank of America Corp DE increased its position in American Healthcare REIT by 11.7% during the fourth quarter. Bank of America Corp DE now owns 1,078,050 shares of the company's stock valued at $30,638,000 after acquiring an additional 113,006 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of American Healthcare REIT by 3.4% in the fourth quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after acquiring an additional 455 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of American Healthcare REIT by 480.5% in the 4th quarter. BNP Paribas Financial Markets now owns 98,883 shares of the company's stock worth $2,810,000 after acquiring an additional 81,848 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 analysts recently weighed in on the stock. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Morgan Stanley boosted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $33.86.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock opened at $32.54 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $29.92 and its 200-day moving average price is $28.55. The firm has a market cap of $5.13 billion, a P/E ratio of -67.79, a P/E/G ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $32.59.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. American Healthcare REIT's dividend payout ratio is presently -370.37%.

About American Healthcare REIT

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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