Promus Capital LLC Acquires Shares of 3,009 American Healthcare REIT, Inc. (NYSE:AHR)

Promus Capital LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,009 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted 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 acquiring an additional 504 shares during the period. Richardson Capital Management LLC acquired a new stake in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Carolina Wealth Advisors LLC acquired a new stake in American Healthcare REIT during the 4th quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $28,000. Finally, Quarry LP acquired a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $30.44 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a fifty day moving average of $28.50 and a two-hundred day moving average of $26.58. The stock has a market capitalization of $4.66 billion and a PE ratio of -63.41. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97.

American Healthcare REIT Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lifted 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 note on Monday, December 30th. Royal Bank of Canada boosted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Truist Financial boosted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $27.71.

American Healthcare REIT 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.