Assetmark Inc. Has $74,000 Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Assetmark Inc. lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 330.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,615 shares of the company’s stock after buying an additional 2,008 shares during the quarter. Assetmark Inc.’s holdings in American Healthcare REIT were worth $74,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AHR. Apollon Wealth Management LLC bought a new position in American Healthcare REIT during the third quarter worth about $410,000. Harbour Investments Inc. bought a new position in American Healthcare REIT during the third quarter worth about $511,000. Ashton Thomas Private Wealth LLC bought a new position in American Healthcare REIT during the third quarter worth about $366,000. Prime Capital Investment Advisors LLC bought a new position in American Healthcare REIT during the third quarter worth about $756,000. Finally, Victory Capital Management Inc. bought a new position in American Healthcare REIT during the third quarter worth about $437,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

AHR has been the topic of a number of recent research reports. Morgan Stanley raised their price target 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. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has an average rating of “Buy” and a consensus price target of $30.17.

American Healthcare REIT Trading Up 2.0 %

Shares of American Healthcare REIT stock opened at $29.46 on Friday. The firm has a market capitalization of $4.64 billion and a PE ratio of -61.37. 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’s 50 day moving average is $28.57 and its 200 day moving average is $26.95. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

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.