J.W. Cole Advisors Inc. Has $1.04 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

J.W. Cole Advisors Inc. lessened its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 11.2% during the 4th quarter, HoldingsChannel reports. The fund owned 36,714 shares of the company’s stock after selling 4,648 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in American Healthcare REIT were worth $1,043,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AHR. Principal Financial Group Inc. grew its holdings in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the period. Wellington Management Group LLP grew its stake in shares of American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after purchasing an additional 2,747,960 shares during the period. State Street Corp increased its holdings in American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the last quarter. FMR LLC acquired a new position in American Healthcare REIT in the third quarter valued at about $56,575,000. Finally, Geode Capital Management LLC boosted its holdings in American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after buying an additional 1,094,296 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.4 %

NYSE AHR opened at $28.03 on Wednesday. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. 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 stock’s 50 day moving average price is $28.26 and its two-hundred day moving average price is $25.64. The stock has a market capitalization of $4.29 billion and a price-to-earnings ratio of -58.39.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AHR shares. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Morgan Stanley upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

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.