Rhumbline Advisers Grows Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Rhumbline Advisers increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 128.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,293 shares of the company’s stock after purchasing an additional 144,119 shares during the period. Rhumbline Advisers owned 0.17% of American Healthcare REIT worth $7,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AHR. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $28,000. GAMMA Investing LLC raised its stake in American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after acquiring an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Quarry LP acquired a new stake in American Healthcare REIT during the 3rd quarter worth approximately $33,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of American Healthcare REIT in the 4th quarter valued at approximately $37,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $28.90 on Wednesday. The company has a market cap of $4.42 billion and a P/E ratio of -60.20. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $29.99. The business has a fifty day moving average of $28.21 and a two-hundred day moving average of $26.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is -208.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. One equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price 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.