Harvest Fund Management Co. Ltd Purchases 6,960 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Harvest Fund Management Co. Ltd lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 89.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,756 shares of the company’s stock after acquiring an additional 6,960 shares during the period. Harvest Fund Management Co. Ltd’s holdings in American Healthcare REIT were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AHR. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT in the third quarter worth approximately $28,000. GAMMA Investing LLC raised its holdings in shares of American Healthcare REIT by 104.1% during the fourth 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 last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $29,000. Finally, Quarry LP purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $33,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $29.59 on Friday. The firm has a fifty day moving average price of $28.75 and a 200-day moving average price of $27.26. 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 stock has a market cap of $4.66 billion and a PE ratio of -61.64. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AHR shares. Morgan Stanley boosted their price objective 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. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, American Healthcare REIT currently has a consensus rating of “Buy” and an average price target of $30.83.

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.