Raymond James Financial Inc. Invests $3.16 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Raymond James Financial Inc. acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 111,290 shares of the company's stock, valued at approximately $3,163,000. Raymond James Financial Inc. owned about 0.07% of American Healthcare REIT as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AHR. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. grew its stake in American Healthcare REIT by 29.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after acquiring an additional 2,750,137 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after purchasing an additional 1,172,670 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of American Healthcare REIT by 13.6% during the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after acquiring an additional 422,869 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Healthcare REIT by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock valued at $60,964,000 after purchasing an additional 237,139 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 1.4 %

Shares of NYSE:AHR traded up $0.45 on Friday, hitting $32.26. 470,201 shares of the company's stock were exchanged, compared to its average volume of 1,780,885. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $33.40. The company has a market capitalization of $5.08 billion, a PE ratio of -67.11, a P/E/G ratio of 1.57 and a beta of 1.42. The firm's 50-day moving average is $29.85 and its 200 day moving average is $28.45.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. American Healthcare REIT's payout ratio is currently -370.37%.

Analyst Upgrades and Downgrades

AHR has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target 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. KeyCorp dropped 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 note on Monday, March 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday. They set a "buy" rating and a $37.00 price target on the stock. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and a consensus price target of $33.86.

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.