Greenland Capital Management LP Has $2.27 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Greenland Capital Management LP trimmed its position in American Healthcare REIT, Inc. (NYSE:AHR) by 66.1% in the fourth quarter, Holdings Channel reports. The fund owned 80,000 shares of the company’s stock after selling 156,001 shares during the quarter. Greenland Capital Management LP’s holdings in American Healthcare REIT were worth $2,274,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AHR. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 94.8% during the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock valued at $436,455,000 after purchasing an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares during the period. State Street Corp boosted its position in American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in American Healthcare REIT during the 4th quarter worth approximately $33,838,000. Finally, Geode Capital Management LLC increased its position in American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock valued at $105,171,000 after acquiring an additional 1,172,670 shares during the period. Institutional investors and hedge funds own 16.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on AHR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley upped their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp reduced their target price on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Finally, JMP Securities set a $35.00 price target on shares of 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $33.33.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $27.68 on Tuesday. The company has a quick ratio of 0.37, a current 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 $31.61. The firm has a 50 day moving average of $29.14 and a 200-day moving average of $27.84. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -57.66, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.61%. The ex-dividend date is Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

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.