Van ECK Associates Corp Has $818,000 Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Van ECK Associates Corp increased its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 103.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,800 shares of the company’s stock after purchasing an additional 14,652 shares during the quarter. Van ECK Associates Corp’s holdings in American Healthcare REIT were worth $818,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $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 acquiring an additional 504 shares during the period. Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT in the 4th quarter valued at $29,000. Quarry LP bought a new stake in American Healthcare REIT in the 3rd quarter valued at $33,000. Finally, Decker Retirement Planning Inc. bought a new stake in American Healthcare REIT in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 2.0 %

AHR stock opened at $27.32 on Friday. 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 capitalization of $4.18 billion and a price-to-earnings ratio of -56.91. The business’s fifty day moving average price is $28.24 and its two-hundred day moving average price is $25.75. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $29.99.

American Healthcare REIT Dividend Announcement

The company 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 annualized dividend and a yield of 3.66%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

Analysts Set New Price Targets

AHR has been the topic of a number of research analyst reports. Truist Financial increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their price target on 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, Morgan Stanley increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Company 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.