Xponance Inc. Invests $313,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Xponance Inc. bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,019 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT during the third quarter valued at about $28,000. GAMMA Investing LLC grew its position in 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 during the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT during the 4th quarter worth approximately $29,000. Richardson Capital Management LLC bought a new stake in American Healthcare REIT in the fourth quarter valued at approximately $29,000. Finally, Quarry LP purchased a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $29.95 on Friday. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The stock’s 50 day simple moving average is $28.94 and its two-hundred day simple moving average is $27.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $4.72 billion and a price-to-earnings ratio of -62.39.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.34%. American Healthcare REIT’s payout ratio is -370.37%.

Wall Street Analysts Forecast Growth

AHR has been the topic of several analyst reports. Royal Bank of Canada reaffirmed 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 boosted 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 reissued 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 American Healthcare REIT in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $32.17.

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.