Principal Financial Group Inc. Has $347.83 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Principal Financial Group Inc. boosted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,238,887 shares of the company's stock after purchasing an additional 2,750,137 shares during the period. Principal Financial Group Inc. owned about 8.00% of American Healthcare REIT worth $347,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC lifted its stake in American Healthcare REIT by 1.3% during the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after purchasing an additional 504 shares during the period. Janney Montgomery Scott LLC lifted its stake in American Healthcare REIT by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after purchasing an additional 533 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in American Healthcare REIT by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after purchasing an additional 654 shares during the period. Finally, Fiduciary Alliance LLC lifted its stake in American Healthcare REIT by 8.0% during the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after purchasing an additional 754 shares during the period. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

Shares of NYSE:AHR traded down $0.36 during trading on Wednesday, reaching $27.68. The stock had a trading volume of 587,588 shares, compared to its average volume of 1,226,935. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. The business's 50-day moving average price is $28.26 and its 200 day moving average price is $25.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $4.24 billion and a PE ratio of -57.67.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio is currently -208.33%.

Analysts Set New Price Targets

A number of brokerages have commented on AHR. Royal Bank of Canada raised their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American Healthcare REIT has an average rating of "Moderate Buy" and an average price target of $26.00.

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.