American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% during the 4th quarter, Holdings Channel reports. The firm owned 7,971 shares of the company’s stock after selling 10,647 shares during the period. Axxcess Wealth Management LLC’s holdings in American Healthcare REIT were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AHR. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the third quarter worth $28,000. GAMMA Investing LLC raised its position in shares of American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $29,000. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $29,000. Finally, Quarry LP acquired a new stake in shares of American Healthcare REIT during the third quarter worth $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $29.59 on Friday. The business’s 50-day moving average price is $28.75 and its two-hundred day moving average price is $27.31. 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, Inc. has a one year low of $12.81 and a one year high of $30.97. The company has a market capitalization of $4.66 billion and a P/E ratio of -61.64.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AHR shares. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, American Healthcare REIT currently has a consensus rating of “Buy” and a consensus price target of $30.83.

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.