Envestnet Asset Management Inc. Has $9.10 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Envestnet Asset Management Inc. lowered its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 320,179 shares of the company's stock after selling 26,536 shares during the period. Envestnet Asset Management Inc. owned 0.21% of American Healthcare REIT worth $9,099,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AHR. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. GAMMA Investing LLC increased its position 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 worth $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth approximately $29,000. Richardson Capital Management LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth approximately $29,000. Finally, Decker Retirement Planning Inc. acquired a new stake in American Healthcare REIT during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

AHR has been the topic of a number of analyst reports. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised 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. KeyCorp cut their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $33.33.

American Healthcare REIT Price Performance

AHR stock traded up $0.02 during trading on Thursday, hitting $30.43. 196,114 shares of the stock traded hands, compared to its average volume of 1,756,529. American Healthcare REIT, Inc. has a one year low of $13.35 and a one year high of $31.61. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -63.47, a P/E/G ratio of 1.57 and a beta of 1.42. 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 company has a 50 day simple moving average of $29.39 and a 200 day simple moving average of $28.16.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

American Healthcare REIT Company 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.