C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $278,000 Stake in American Healthcare REIT, Inc. (NYSE:AHR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 66.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,768 shares of the company’s stock after selling 19,284 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in American Healthcare REIT were worth $278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after buying an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC grew its holdings in American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after buying an additional 41,755 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at approximately $568,000. Swiss National Bank grew its holdings in American Healthcare REIT by 126.6% in the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after buying an additional 162,800 shares during the last quarter. Finally, Hilton Capital Management LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at approximately $4,777,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $27.87 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $4.27 billion and a PE ratio of -58.05. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $29.99. The business has a 50 day simple moving average of $28.24 and a 200 day simple moving average of $25.75.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Wall Street Analyst Weigh In

AHR has been the topic of a number of research analyst reports. Morgan Stanley raised 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. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

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.