Peregrine Capital Management LLC Sells 8,135 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Peregrine Capital Management LLC trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 223,272 shares of the company’s stock after selling 8,135 shares during the quarter. Peregrine Capital Management LLC’s holdings in American Healthcare REIT were worth $6,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the period. Wellington Management Group LLP lifted its stake in American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. State Street Corp grew its holdings in American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. FMR LLC purchased a new stake in American Healthcare REIT in the third quarter worth $56,575,000. Finally, Geode Capital Management LLC raised its stake in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 0.4 %

Shares of AHR opened at $28.03 on Wednesday. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $29.99. The stock has a market cap of $4.29 billion and a PE ratio of -58.39. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $28.26 and its 200-day moving average price is $25.64.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analyst Weigh In

AHR has been the subject of several recent research reports. Truist Financial lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada lifted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Morgan Stanley boosted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.

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.