Sanctuary Advisors LLC Cuts Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Sanctuary Advisors LLC lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,784 shares of the company’s stock after selling 1,477 shares during the period. Sanctuary Advisors LLC’s holdings in American Healthcare REIT were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake 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. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $28,000. Quarry LP purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $33,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of American Healthcare REIT during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

AHR opened at $30.57 on Wednesday. The firm has a market capitalization of $4.68 billion and a PE ratio of -63.68. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $30.97. The firm’s 50-day moving average price is $28.46 and its 200 day moving average price is $26.55. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on AHR shares. Morgan Stanley boosted 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. Truist Financial boosted their price target 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, Royal Bank of Canada boosted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $27.71.

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.