Bailard Inc. Invests $335,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Bailard Inc. purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,800 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds have also modified their holdings of the company. Metis Global Partners LLC increased its stake in American Healthcare REIT by 26.1% in the fourth quarter. Metis Global Partners LLC now owns 17,092 shares of the company’s stock valued at $486,000 after purchasing an additional 3,535 shares in the last quarter. Amalgamated Bank grew its holdings in shares of American Healthcare REIT by 130.4% in the 4th quarter. Amalgamated Bank now owns 5,185 shares of the company’s stock valued at $147,000 after buying an additional 2,935 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of American Healthcare REIT by 139.7% in the 4th quarter. Bank of New York Mellon Corp now owns 728,853 shares of the company’s stock valued at $20,714,000 after buying an additional 424,773 shares during the period. IFP Advisors Inc increased its position in shares of American Healthcare REIT by 14.4% in the 4th quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock valued at $134,000 after buying an additional 591 shares in the last quarter. Finally, Richardson Capital Management LLC acquired a new stake in American Healthcare REIT during the 4th quarter worth $29,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Up 0.4 %

NYSE:AHR opened at $30.57 on Wednesday. The stock has a 50-day simple moving average of $28.46 and a 200 day simple moving average of $26.55. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $30.97. The company has a market cap of $4.68 billion and a PE ratio of -63.68. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Finally, Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has an average rating of “Buy” and a consensus price target of $27.71.

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.