Axxcess Wealth Management LLC Trims Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Axxcess Wealth Management LLC lowered its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,971 shares of the company’s stock after selling 10,647 shares during the period. Axxcess Wealth Management LLC’s holdings in American Healthcare REIT were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in American Healthcare REIT by 118.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after purchasing an additional 1,034,365 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in American Healthcare REIT by 79.8% in the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after purchasing an additional 41,755 shares during the last quarter. Swiss National Bank boosted its holdings in American Healthcare REIT by 126.6% in the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after purchasing an additional 162,800 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in American Healthcare REIT in the fourth quarter valued at about $758,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in American Healthcare REIT by 407.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,497 shares of the company’s stock worth $9,305,000 after buying an additional 286,292 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 0.8 %

AHR opened at $29.59 on Friday. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $30.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $4.66 billion and a P/E ratio of -61.64. The stock’s 50 day moving average price is $28.75 and its 200 day moving average price is $27.31.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Analyst Upgrades and Downgrades

AHR has been the topic of a number of research analyst reports. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday. Finally, Morgan Stanley raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $30.83.

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.