Renaissance Technologies LLC Purchases 170,100 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Renaissance Technologies LLC boosted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 107.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,900 shares of the company's stock after acquiring an additional 170,100 shares during the period. Renaissance Technologies LLC owned 0.21% of American Healthcare REIT worth $9,347,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter worth $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter worth about $29,000. Finally, Decker Retirement Planning Inc. bought a new position in American Healthcare REIT in the 4th quarter worth about $37,000. Institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley boosted their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. KeyCorp cut their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and an average price target of $33.33.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $0.42 on Wednesday, hitting $30.59. 96,957 shares of the company's stock were exchanged, compared to its average volume of 1,693,117. The company has a 50-day simple moving average of $29.34 and a 200-day simple moving average of $28.14. The stock has a market capitalization of $4.82 billion, a PE ratio of -63.73, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 1 year low of $13.35 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. American Healthcare REIT's payout ratio is -370.37%.

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.