Renaissance Technologies LLC Purchases 170,100 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Renaissance Technologies LLC increased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 107.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,900 shares of the company’s stock after purchasing an additional 170,100 shares during the period. Renaissance Technologies LLC’s holdings in American Healthcare REIT were worth $9,347,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after buying an additional 504 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $29,000. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the third quarter valued at about $28,000. Finally, Decker Retirement Planning Inc. acquired a new position in American Healthcare REIT in the fourth quarter worth about $37,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

American Healthcare REIT stock opened at $30.54 on Friday. The business’s fifty day moving average is $29.20 and its two-hundred day moving average is $28.02. 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, Inc. has a 52 week low of $12.92 and a 52 week high of $31.61. The firm has a market cap of $4.81 billion, a P/E ratio of -63.63, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Analyst Ratings Changes

AHR has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp reduced their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Finally, Morgan Stanley upped their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $33.33.

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.