RBC Unloads Significant Stake in American Healthcare REIT
Royal Bank of Canada (RBC) significantly reduced its stake in American Healthcare REIT, Inc. (AHR), decreasing its position by 95.4% during the first quarter.
The firm owned 284,453 shares after selling 5,877,096 shares, representing a stake worth $13,414,000.
RBC's move is notable in light of other hedge funds increasing their stakes in AHR.