Legal & General Group Plc Purchases 416,222 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Legal & General Group Plc increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 94.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,877 shares of the company's stock after buying an additional 416,222 shares during the quarter. Legal & General Group Plc owned 0.56% of American Healthcare REIT worth $24,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth $1,396,000. State Street Corp boosted its holdings in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. XTX Topco Ltd purchased a new position in American Healthcare REIT during the third quarter worth about $475,000. Orion Portfolio Solutions LLC purchased a new position in shares of American Healthcare REIT during the third quarter worth about $499,000. Finally, MML Investors Services LLC bought a new position in shares of American Healthcare REIT in the third quarter worth approximately $599,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 0.7 %

NYSE:AHR traded up $0.22 on Friday, reaching $30.54. 961,892 shares of the stock traded hands, compared to its average volume of 1,756,184. The company's fifty day simple moving average is $29.20 and its 200 day simple moving average is $28.02. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -63.63, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 12 month low of $12.92 and a 12 month high of $31.61. 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 Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on AHR. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. KeyCorp dropped their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. 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 report on Tuesday, March 25th. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT presently has a consensus rating of "Buy" and a consensus price target of $33.33.

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.