Hilton Capital Management LLC Sells 26,353 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Hilton Capital Management LLC lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 14.4% in the 4th quarter, Holdings Channel reports. The firm owned 156,686 shares of the company’s stock after selling 26,353 shares during the quarter. Hilton Capital Management LLC’s holdings in American Healthcare REIT were worth $4,453,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AHR. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT in the 4th quarter worth approximately $29,000. Richardson Capital Management LLC bought a new stake in American Healthcare REIT during the fourth quarter worth approximately $29,000. Finally, Quarry LP acquired a new position in American Healthcare REIT during the third quarter valued at approximately $33,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada lifted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $28.43.

American Healthcare REIT Stock Up 1.1 %

AHR opened at $28.92 on Friday. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The company has a market capitalization of $4.56 billion and a P/E ratio of -60.26. 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 firm’s fifty day moving average price is $28.54 and its two-hundred day moving average price is $26.90.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. American Healthcare REIT’s payout ratio is currently -370.37%.

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.