KLP Kapitalforvaltning AS Acquires Shares of 31,900 American Healthcare REIT, Inc. (NYSE:AHR)

KLP Kapitalforvaltning AS bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 31,900 shares of the company's stock, valued at approximately $913,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased 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 worth $350,934,000 after acquiring an additional 2,747,960 shares during the period. Principal Financial Group Inc. grew its position in American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after purchasing an additional 2,750,137 shares during the last quarter. State Street Corp increased its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock valued at $65,975,000 after buying an additional 1,094,296 shares during the last quarter. Finally, FMR LLC acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $56,575,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

Several research firms recently commented on AHR. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. KeyCorp dropped their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and an average price target of $33.33.

American Healthcare REIT Trading Up 0.1 %

Shares of AHR traded up $0.03 during midday trading on Wednesday, hitting $30.81. The stock had a trading volume of 2,159,213 shares, compared to its average volume of 1,722,347. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $31.40. The business has a 50-day simple moving average of $29.10 and a two-hundred day simple moving average of $27.71. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4.85 billion and a P/E ratio of -64.19.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.25%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

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.