Charles Schwab Investment Management Inc. Has $60.96 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Charles Schwab Investment Management Inc. boosted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,145,125 shares of the company’s stock after buying an additional 237,139 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.40% of American Healthcare REIT worth $60,964,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in American Healthcare REIT by 79.8% during the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock worth $2,456,000 after buying an additional 41,755 shares during the last quarter. Swiss National Bank boosted its holdings in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after acquiring an additional 162,800 shares during the period. Hilton Capital Management LLC bought a new stake in American Healthcare REIT during the third quarter valued at about $4,777,000. Geneos Wealth Management Inc. bought a new stake in American Healthcare REIT during the fourth quarter valued at about $758,000. Finally, Empower Advisory Group LLC bought a new stake in American Healthcare REIT during the third quarter valued at about $679,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Trading Down 0.4 %

Shares of American Healthcare REIT stock opened at $28.61 on Thursday. The company’s fifty day moving average price is $28.52 and its two-hundred day moving average price is $26.88. The firm has a market capitalization of $4.51 billion and a PE ratio of -59.61. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $30.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Analysts Set New Price Targets

A number of research firms have issued reports on AHR. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Truist Financial upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $28.43.

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.