Petra Financial Advisors Inc. Sells 21,280 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Petra Financial Advisors Inc. reduced its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 55.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,404 shares of the company’s stock after selling 21,280 shares during the quarter. Petra Financial Advisors Inc.’s holdings in American Healthcare REIT were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at $410,000. Victory Capital Management Inc. bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at $437,000. KBC Group NV bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at $51,000. Metis Global Partners LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at $354,000. Finally, Swiss National Bank lifted its holdings in shares of American Healthcare REIT by 126.6% during the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after buying an additional 162,800 shares during the period. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Trading Up 0.9 %

NYSE:AHR opened at $29.75 on Tuesday. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $30.97. 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 firm has a market cap of $4.69 billion and a P/E ratio of -61.97. The firm has a 50-day simple moving average of $28.60 and a 200-day simple moving average of $27.10.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.36%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Analyst Ratings Changes

AHR has been the topic of several research analyst reports. JMP Securities set a $35.00 price target 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 note on Tuesday, March 4th. Royal Bank of Canada upped their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Morgan Stanley upped their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, December 30th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $30.17.

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.