American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 130.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,185 shares of the company’s stock after acquiring an additional 2,935 shares during the period. Amalgamated Bank’s holdings in American Healthcare REIT were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AHR. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT during the third quarter worth $28,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 504 shares during the period. Carolina Wealth Advisors LLC acquired a new position in American Healthcare REIT during the fourth quarter worth $29,000. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the fourth quarter worth $29,000. Finally, Quarry LP acquired a new position in American Healthcare REIT during the third quarter worth $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 0.4 %

Shares of NYSE:AHR opened at $30.57 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $30.97. The stock’s fifty day simple moving average is $28.46 and its 200-day simple moving average is $26.55. The company has a market capitalization of $4.68 billion and a P/E ratio of -63.68.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada upped their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Morgan Stanley upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Truist Financial upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT has a consensus rating of “Buy” and an average price target of $27.71.

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.