American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 46.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,699,793 shares of the company's stock after buying an additional 1,172,670 shares during the period. Geode Capital Management LLC owned 2.42% of American Healthcare REIT worth $105,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT in the third quarter valued at $28,000. GAMMA Investing LLC increased its holdings in shares of American Healthcare REIT by 104.1% in the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after buying an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter valued at about $29,000. Richardson Capital Management LLC purchased a new position in American Healthcare REIT in the fourth quarter worth about $29,000. Finally, Quarry LP bought a new stake in American Healthcare REIT during the third quarter worth approximately $33,000. 16.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AHR shares. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley boosted their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, KeyCorp reduced 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. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Buy" and an average price target of $33.33.

American Healthcare REIT Stock Up 1.2 %

American Healthcare REIT stock traded up $0.35 during mid-day trading on Tuesday, reaching $30.27. 172,163 shares of the company were exchanged, compared to its average volume of 1,745,597. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $4.77 billion, a P/E ratio of -63.13, a PEG ratio of 1.57 and a beta of 1.42. The business has a fifty day moving average of $29.12 and a 200 day moving average of $27.95. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $31.61.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is currently -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.