Intech Investment Management LLC Has $1.23 Million Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Intech Investment Management LLC grew its position in American Healthcare REIT, Inc. (NYSE:AHR) by 238.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,155 shares of the company’s stock after purchasing 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 quarter.

Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of American Healthcare REIT during the 4th quarter worth about $29,000. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT during the 4th quarter worth about $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

Shares of AHR stock opened at $29.59 on Friday. The stock has a 50 day moving average of $28.75 and a two-hundred day moving average of $27.31. 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 12 month low of $12.81 and a 12 month high of $30.97. The company has a market capitalization of $4.66 billion and a P/E ratio of -61.64.

American Healthcare REIT Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AHR. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley increased their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $30.83.

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.