American Century Companies Inc. lessened its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,518,870 shares of the company's stock after selling 20,684 shares during the quarter. American Century Companies Inc. owned about 1.65% of American Healthcare REIT worth $71,586,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AHR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in American Healthcare REIT by 243.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,089 shares of the company's stock worth $1,395,000 after purchasing an additional 34,779 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of American Healthcare REIT by 276.4% during the fourth quarter. Teacher Retirement System of Texas now owns 150,214 shares of the company's stock worth $4,269,000 after buying an additional 110,309 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of American Healthcare REIT by 89.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,756 shares of the company's stock valued at $419,000 after buying an additional 6,960 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position 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 valued at $6,781,000 after acquiring an additional 35,830 shares during the period. Finally, Xponance Inc. purchased a new position in American Healthcare REIT in the 4th quarter worth $313,000. Hedge funds and other institutional investors own 16.68% of the company's stock.
American Healthcare REIT Price Performance
Shares of NYSE:AHR traded up $0.47 during midday trading on Friday, hitting $30.40. The company's stock had a trading volume of 1,894,559 shares, compared to its average volume of 1,708,690. The company has a market cap of $4.79 billion and a P/E ratio of -63.32. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $30.97. The business's 50 day simple moving average is $28.99 and its 200 day simple moving average is $27.58. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on AHR shares. Royal Bank of Canada reiterated 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 report on Tuesday, March 4th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley boosted 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $32.17.
Check Out Our Latest Research Report on AHR
American Healthcare REIT Company Profile
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Free Report)
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.
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