American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,404 shares of the company’s stock after selling 21,280 shares during the period. Petra Financial Advisors Inc.’s holdings in American Healthcare REIT were worth $495,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped their price objective 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. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada upped their price objective 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has an average rating of “Buy” and an average price target of $30.17.

American Healthcare REIT Stock Up 0.9 %

Shares of AHR opened at $29.75 on Tuesday. The stock has a market capitalization of $4.69 billion and a PE ratio of -61.97. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company’s 50-day simple moving average is $28.60 and its 200-day simple moving average is $27.10.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.36%. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

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.