Modern Wealth Management LLC Cuts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Modern Wealth Management LLC trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,890 shares of the company’s stock after selling 5,747 shares during the quarter. Modern Wealth Management LLC owned 0.06% of American Healthcare REIT worth $2,676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted 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 in the last quarter. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT during the 4th quarter worth approximately $29,000. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT in the 3rd quarter valued at approximately $28,000. Finally, Quarry LP acquired a new position in shares of American Healthcare REIT in the third quarter worth $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on AHR shares. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley upped their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $32.17.

American Healthcare REIT Price Performance

AHR stock opened at $30.31 on Wednesday. The stock has a market cap of $4.78 billion and a price-to-earnings ratio of -63.15. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. 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 has a 50 day moving average price of $28.88 and a 200 day moving average price of $27.46.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

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.