Entropy Technologies LP Invests $1.36 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Entropy Technologies LP acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, Holdings Channel reports. The fund acquired 52,234 shares of the company’s stock, valued at approximately $1,363,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $63,269,000. V3 Capital Management L.P. purchased a new stake in shares of American Healthcare REIT in the 1st quarter worth about $42,337,000. Land & Buildings Investment Management LLC boosted its position in shares of American Healthcare REIT by 19.3% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock worth $26,260,000 after buying an additional 290,740 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of American Healthcare REIT by 6,875.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 3.5 %

NYSE AHR opened at $26.81 on Thursday. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $27.77. The company has a 50-day moving average of $25.16 and a 200-day moving average of $19.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $3.53 billion and a P/E ratio of -55.84.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Analyst Ratings Changes

A number of research analysts have issued reports on AHR shares. KeyCorp upped their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Truist Financial upped their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Bank of America upped their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

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.