Adage Capital Partners GP L.L.C. Increases Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Adage Capital Partners GP L.L.C. boosted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 115.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 925,000 shares of the company's stock after purchasing an additional 495,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.60% of American Healthcare REIT worth $26,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AHR. Vanguard Group Inc. boosted its holdings in shares of American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after buying an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. boosted its stake in American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after acquiring an additional 2,750,137 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after acquiring an additional 1,172,670 shares during the period. Prudential Financial Inc. increased its stake in shares of American Healthcare REIT by 13.6% during the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after purchasing an additional 422,869 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of American Healthcare REIT by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock worth $60,964,000 after purchasing an additional 237,139 shares during the period. Institutional investors own 16.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. KeyCorp dropped their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group initiated coverage on shares of American Healthcare REIT in a research note on Monday. They set a "buy" rating and a $37.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded up $0.37 on Tuesday, reaching $31.96. The stock had a trading volume of 1,796,283 shares, compared to its average volume of 1,773,956. The business's 50 day moving average is $29.59 and its two-hundred day moving average is $28.35. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $32.28. The company has a market cap of $5.04 billion, a P/E ratio of -66.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

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.