Principal Financial Group Inc. Buys 3,330,714 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Principal Financial Group Inc. grew its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 54.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,488,750 shares of the company's stock after buying an additional 3,330,714 shares during the quarter. Principal Financial Group Inc. owned 7.21% of American Healthcare REIT worth $247,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AHR. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in American Healthcare REIT during the first quarter valued at approximately $7,694,000. Chilton Capital Management LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter worth $7,679,000. Sei Investments Co. bought a new stake in shares of American Healthcare REIT during the 1st quarter worth $2,967,000. Russell Investments Group Ltd. acquired a new stake in American Healthcare REIT in the first quarter valued at about $20,381,000. Finally, Centersquare Investment Management LLC bought a new position in American Healthcare REIT in the first quarter valued at about $63,269,000. Institutional investors own 16.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JMP Securities increased their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. Truist Financial upped their target price on American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Morgan Stanley lifted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. Finally, Bank of America raised their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. One investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

American Healthcare REIT Trading Down 0.5 %

American Healthcare REIT stock traded down $0.13 during mid-day trading on Friday, hitting $26.18. 754,750 shares of the stock were exchanged, compared to its average volume of 1,442,032. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $27.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm's fifty day simple moving average is $24.75 and its two-hundred day simple moving average is $18.81.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The business had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Friday, September 20th.

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.