Raymond James Financial Inc. Buys Shares of 111,290 American Healthcare REIT, Inc. (NYSE:AHR)

Raymond James Financial Inc. acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,290 shares of the company’s stock, valued at approximately $3,163,000. Raymond James Financial Inc. owned 0.07% of American Healthcare REIT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP increased its holdings in American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after acquiring an additional 2,747,960 shares during the last quarter. State Street Corp boosted its holdings in shares of American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the last quarter. FMR LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at approximately $56,575,000. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter worth approximately $33,838,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Ratings Changes

AHR has been the subject of a number of recent research reports. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley lifted their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $32.17.

American Healthcare REIT Stock Performance

AHR stock opened at $29.95 on Friday. The firm has a 50-day simple moving average of $28.94 and a two-hundred day simple moving average of $27.50. The firm has a market cap of $4.72 billion and a price-to-earnings ratio of -62.39. 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, Inc. has a one year low of $12.81 and a one year high of $30.97.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.34%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

American Healthcare REIT Company 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.