Zurcher Kantonalbank Zurich Cantonalbank Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 223.4% during the 4th quarter, Holdings Channel reports. The firm owned 101,595 shares of the company’s stock after acquiring an additional 70,185 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Healthcare REIT were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of AHR. Charles Schwab Investment Management Inc. boosted its holdings in shares of American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after acquiring an additional 41,755 shares during the last quarter. Swiss National Bank boosted its holdings in shares of American Healthcare REIT by 126.6% in the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after acquiring an additional 162,800 shares during the last quarter. Hilton Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the 3rd quarter valued at $4,777,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at $758,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $29.46 on Friday. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $30.97. The stock has a market cap of $4.64 billion and a P/E ratio of -61.37. The company has a 50-day moving average price of $28.57 and a 200 day moving average price of $27.00. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AHR shares. 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 report on Monday, December 30th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada increased their price target 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $30.17.

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.