Nwam LLC Decreases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Nwam LLC cut its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 9.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,006 shares of the company’s stock after selling 862 shares during the period. Nwam LLC’s holdings in American Healthcare REIT were worth $228,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in American Healthcare REIT by 25.7% in 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. Principal Financial Group Inc. increased its stake in American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock worth $347,831,000 after buying an additional 2,750,137 shares during the period. State Street Corp increased its stake in American Healthcare REIT by 221.6% in the 3rd 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 period. Geode Capital Management LLC lifted its holdings in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new stake in American Healthcare REIT in the 3rd quarter valued at about $56,575,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of AHR opened at $29.83 on Friday. The company has a 50 day moving average of $28.37 and a two-hundred day moving average of $26.27. The company has a market cap of $4.57 billion and a price-to-earnings ratio of -62.15. 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, Inc. has a twelve month low of $12.81 and a twelve month high of $30.33.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.35%. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Truist Financial boosted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley lifted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

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.