American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its position in American Healthcare REIT, Inc. (NYSE:AHR) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 93,890 shares of the company’s stock after selling 5,747 shares during the quarter. Modern Wealth Management LLC’s holdings in American Healthcare REIT were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AHR. Vanguard Group Inc. boosted its stake in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the period. Wellington Management Group LLP boosted 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 buying an additional 2,747,960 shares during the period. State Street Corp grew its holdings in shares of American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares during the last quarter. Finally, FMR LLC acquired a new position in American Healthcare REIT in the 3rd quarter valued at about $56,575,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $32.17.

American Healthcare REIT Stock Down 0.5 %

Shares of NYSE AHR opened at $30.31 on Wednesday. The stock has a market capitalization of $4.78 billion and a price-to-earnings ratio of -63.15. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. The firm has a 50-day moving average price of $28.88 and a 200 day moving average price of $27.46. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, March 31st. 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.