J.Safra Asset Management Corp Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

J.Safra Asset Management Corp lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 79.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,799 shares of the company’s stock after purchasing an additional 2,131 shares during the period. J.Safra Asset Management Corp’s holdings in American Healthcare REIT were worth $136,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AHR. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the 3rd quarter worth $28,000. GAMMA Investing LLC grew its stake in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT during the 4th quarter valued at about $29,000. Richardson Capital Management LLC bought a new position in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT in the 3rd quarter worth approximately $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada upped their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial upped their price objective 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. Finally, Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT has an average rating of “Buy” and an average price target of $27.71.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $30.44 on Thursday. The company’s fifty day moving average price is $28.50 and its 200-day moving average price is $26.58. The stock has a market cap of $4.66 billion and a PE ratio of -63.41. 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 12 month low of $12.81 and a 12 month high of $30.97.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is -370.37%.

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.