American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC cut its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,686 shares of the company’s stock after selling 26,353 shares during the quarter. Hilton Capital Management LLC owned about 0.10% of American Healthcare REIT worth $4,453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AHR. GAMMA Investing LLC boosted 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 acquiring an additional 504 shares during the period. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT during the 4th quarter worth $29,000. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the third quarter valued at about $28,000. Finally, Quarry LP purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $33,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $28.92 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 cap of $4.56 billion and a P/E ratio of -60.26. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The firm’s 50 day simple moving average is $28.54 and its 200-day simple moving average is $26.90.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given 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 -370.37%.

Analyst Ratings Changes

A number of brokerages recently commented on AHR. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research 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. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada boosted their target price 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.43.

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.