Commonwealth Equity Services LLC Has $38.62 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Commonwealth Equity Services LLC trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,358,984 shares of the company’s stock after selling 246,457 shares during the period. Commonwealth Equity Services LLC owned approximately 0.89% of American Healthcare REIT worth $38,622,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AHR. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT during the third quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Finally, Quarry LP acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 2.0 %

Shares of NYSE AHR opened at $29.46 on Friday. The company has a 50 day simple moving average of $28.57 and a 200 day simple moving average of $26.95. The firm has a market cap of $4.64 billion and a PE ratio of -61.37. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.39%. American Healthcare REIT’s payout ratio is -370.37%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AHR shares. Morgan Stanley raised 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 note on Monday, December 30th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Seven 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 target price of $30.17.

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.