IFP Advisors Inc Grows Stake in American Healthcare REIT, Inc. (NYSE:AHR)

IFP Advisors Inc increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,683 shares of the company’s stock after purchasing an additional 591 shares during the quarter. IFP Advisors Inc’s holdings in American Healthcare REIT were worth $134,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AHR. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT during the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings 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 buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Richardson Capital Management LLC purchased a new position in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Finally, Quarry LP purchased a new position in American Healthcare REIT during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $30.57 on Wednesday. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $30.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $4.68 billion and a price-to-earnings ratio of -63.68. The stock has a 50 day moving average price of $28.46 and a 200-day moving average price of $26.55.

American Healthcare REIT Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on AHR. Morgan Stanley raised 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. Royal Bank of Canada lifted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.