Raymond James Financial Inc. Invests $3.16 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Raymond James Financial Inc. bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 111,290 shares of the company’s stock, valued at approximately $3,163,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AHR. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $32.17.

American Healthcare REIT Trading Up 0.4 %

NYSE:AHR opened at $29.95 on Friday. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $30.97. The stock has a fifty day moving average price of $28.94 and a 200 day moving average price of $27.50. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.72 billion and a PE ratio of -62.39.

American Healthcare REIT Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

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.