Waterfront Capital Partners LLC acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 530,119 shares of the company's stock, valued at approximately $15,066,000. American Healthcare REIT comprises approximately 2.8% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 18th largest position. Waterfront Capital Partners LLC owned 0.35% of American Healthcare REIT at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of AHR. Barclays PLC increased its holdings in shares of American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company's stock valued at $4,654,000 after purchasing an additional 102,588 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of American Healthcare REIT in the third quarter valued at $55,000. Advisory Resource Group acquired a new position in shares of American Healthcare REIT in the third quarter valued at $754,000. SOA Wealth Advisors LLC. acquired a new position in shares of American Healthcare REIT in the third quarter valued at $45,000. Finally, Fulcrum Equity Management acquired a new position in shares of American Healthcare REIT in the third quarter valued at $259,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley upped 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. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, KeyCorp decreased 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $33.86.
View Our Latest Analysis on American Healthcare REIT
American Healthcare REIT Price Performance
American Healthcare REIT stock traded up $0.22 during trading hours on Wednesday, reaching $32.17. 427,183 shares of the stock were exchanged, compared to its average volume of 1,774,006. The company has a market cap of $5.07 billion, a P/E ratio of -67.02, a price-to-earnings-growth 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. American Healthcare REIT, Inc. has a twelve month low of $13.67 and a twelve month high of $32.31. The stock has a 50 day moving average of $29.67 and a two-hundred day moving average of $28.37.
American Healthcare REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 yield of 3.11%. American Healthcare REIT's payout ratio is -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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