Richardson Capital Management LLC Buys New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Richardson Capital Management LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,013 shares of the company’s stock, valued at approximately $29,000.

Several other large investors also recently bought and sold shares of AHR. Diversify Advisory Services LLC increased its position in shares of American Healthcare REIT by 1.3% during the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after acquiring an additional 436 shares during the last quarter. GAMMA Investing LLC grew its stake in American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in American Healthcare REIT by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock worth $395,000 after purchasing an additional 533 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after purchasing an additional 654 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its stake in shares of American Healthcare REIT by 8.0% during the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock valued at $289,000 after buying an additional 754 shares during the last quarter. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AHR shares. Truist Financial lifted their price target 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. Royal Bank of Canada raised their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.00.

American Healthcare REIT Price Performance

Shares of NYSE:AHR opened at $27.32 on Friday. The firm’s 50 day moving average is $28.22 and its two-hundred day moving average is $25.90. The firm has a market capitalization of $4.18 billion and a P/E ratio of -56.91. 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 52 week low of $12.81 and a 52 week high of $29.99.

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

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.