Entropy Technologies LP Buys Shares of 52,234 American Healthcare REIT, Inc. (NYSE:AHR)

Entropy Technologies LP bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, Holdings Channel.com reports. The fund bought 52,234 shares of the company’s stock, valued at approximately $1,363,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AHR. Sei Investments Co. bought a new stake in American Healthcare REIT during the 1st quarter valued at $2,967,000. Russell Investments Group Ltd. bought a new stake in American Healthcare REIT during the 1st quarter valued at $20,381,000. Centersquare Investment Management LLC bought a new stake in American Healthcare REIT during the 1st quarter valued at $63,269,000. Vanguard Group Inc. bought a new stake in American Healthcare REIT during the 1st quarter valued at $16,205,000. Finally, Nicola Wealth Management LTD. bought a new stake in American Healthcare REIT during the 1st quarter valued at $1,106,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AHR. JMP Securities increased their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. KeyCorp increased their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Truist Financial increased their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $26.81 on Thursday. The firm has a market capitalization of $3.53 billion and a price-to-earnings ratio of -55.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day moving average of $25.16 and a 200 day moving average of $19.21. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $27.77.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.73%. American Healthcare REIT’s payout ratio is currently -208.33%.

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.