Strategic Financial Concepts LLC Purchases New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Strategic Financial Concepts LLC purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,652 shares of the company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after buying an additional 2,747,960 shares in the last quarter. State Street Corp grew its position in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after buying an additional 2,538,177 shares during the last quarter. FMR LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $56,575,000. Finally, Geode Capital Management LLC raised its stake in shares of American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after acquiring an additional 1,094,296 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AHR. 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 research note on Monday, November 18th. Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Morgan Stanley boosted their target price 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.00.

American Healthcare REIT Stock Performance

NYSE AHR traded up $0.50 during trading hours on Monday, reaching $27.81. The stock had a trading volume of 1,178,488 shares, compared to its average volume of 1,254,022. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $29.99. The stock has a fifty day moving average of $28.21 and a 200 day moving average of $26.04. 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 stock has a market cap of $4.26 billion and a P/E ratio of -57.94.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. American Healthcare REIT's payout ratio is currently -208.33%.

American Healthcare REIT 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.