American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,809 shares of the company's stock after purchasing an additional 12,624 shares during the period. Franklin Resources Inc. owned 0.12% of American Healthcare REIT worth $5,110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. HighTower Advisors LLC purchased a new stake in shares of American Healthcare REIT during the third quarter valued at $1,396,000. Janus Henderson Group PLC raised its position in American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock worth $2,456,000 after buying an additional 41,755 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in American Healthcare REIT during the 3rd quarter valued at approximately $236,000. Quarry LP purchased a new stake in shares of American Healthcare REIT in the 3rd quarter valued at $33,000. Finally, State Street Corp increased its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AHR. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp reduced their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. 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. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $33.33.

American Healthcare REIT Price Performance

Shares of AHR traded up $0.05 during mid-day trading on Wednesday, hitting $30.39. 149,584 shares of the company were exchanged, compared to its average volume of 1,747,235. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -63.25, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $31.61. The company has a 50 day moving average of $29.14 and a 200-day moving average of $27.97. 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 announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.29%. American Healthcare REIT's dividend payout ratio (DPR) is presently -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.