American Healthcare REIT, Inc. (NYSE:AHR) Stock Position Increased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 238.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,155 shares of the company’s stock after buying an additional 30,409 shares during the period. Intech Investment Management LLC’s holdings in American Healthcare REIT were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Cibc World Markets Corp acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $404,000. Creative Financial Designs Inc. ADV raised its position in shares of American Healthcare REIT by 33.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,601 shares of the company’s stock worth $387,000 after purchasing an additional 3,372 shares during the period. Swiss National Bank raised its position in shares of American Healthcare REIT by 2.4% during the fourth quarter. Swiss National Bank now owns 298,500 shares of the company’s stock worth $8,483,000 after purchasing an additional 7,100 shares during the period. Avantax Advisory Services Inc. raised its position in shares of American Healthcare REIT by 3.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 27,545 shares of the company’s stock worth $783,000 after purchasing an additional 1,024 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of American Healthcare REIT by 9.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 149,161 shares of the company’s stock worth $4,239,000 after purchasing an additional 12,882 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Down 0.8 %

NYSE:AHR opened at $29.59 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $30.97. The business’s fifty day moving average price is $28.75 and its 200 day moving average price is $27.31. The firm has a market capitalization of $4.66 billion and a price-to-earnings ratio of -61.64.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s payout ratio is currently -370.37%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AHR shares. JMP Securities set a $35.00 target price on American Healthcare REIT in a research 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 research report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Morgan Stanley upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $30.83.

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.