KLP Kapitalforvaltning AS Purchases New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

KLP Kapitalforvaltning AS acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 31,900 shares of the company's stock, valued at approximately $913,000.

Several other hedge funds also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in American Healthcare REIT by 243.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,089 shares of the company's stock worth $1,395,000 after buying an additional 34,779 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of American Healthcare REIT by 276.4% during the 4th quarter. Teacher Retirement System of Texas now owns 150,214 shares of the company's stock worth $4,269,000 after acquiring an additional 110,309 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of American Healthcare REIT by 89.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,756 shares of the company's stock worth $419,000 after acquiring an additional 6,960 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of American Healthcare REIT by 17.7% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 238,596 shares of the company's stock worth $6,781,000 after acquiring an additional 35,830 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $313,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Price Performance

Shares of AHR stock traded down $1.91 during mid-day trading on Friday, reaching $28.49. The company's stock had a trading volume of 2,545,126 shares, compared to its average volume of 1,732,308. The firm's 50-day moving average is $29.18 and its two-hundred day moving average is $27.80. The company has a market cap of $4.49 billion, a P/E ratio of -59.35, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $31.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is -370.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. KeyCorp decreased their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $33.33.

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.