Vanguard Group Inc. Acquires 7,474,374 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Vanguard Group Inc. boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 94.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,357,331 shares of the company's stock after buying an additional 7,474,374 shares during the quarter. Vanguard Group Inc. owned approximately 10.03% of American Healthcare REIT worth $436,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in American Healthcare REIT by 79.8% in the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock valued at $2,456,000 after acquiring an additional 41,755 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in American Healthcare REIT during the 4th quarter valued at about $758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of American Healthcare REIT by 407.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,497 shares of the company's stock valued at $9,305,000 after purchasing an additional 286,292 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $1,129,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of American Healthcare REIT during the third quarter worth approximately $5,552,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

AHR has been the topic of a number of analyst reports. KeyCorp cut their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley upped their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, American Healthcare REIT presently has an average rating of "Buy" and an average price target of $33.33.

American Healthcare REIT Stock Down 1.0 %

Shares of American Healthcare REIT stock traded down $0.31 on Thursday, hitting $30.49. The company had a trading volume of 2,003,323 shares, compared to its average volume of 1,721,081. The stock has a 50-day moving average of $29.15 and a 200-day moving average of $27.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $31.54. The firm has a market capitalization of $4.80 billion, a P/E ratio of -63.51, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is presently -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.