Intech Investment Management LLC Purchases 30,409 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Intech Investment Management LLC boosted its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 238.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,155 shares of the company's stock after purchasing an additional 30,409 shares during the period. Intech Investment Management LLC's holdings in American Healthcare REIT were worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AHR. Principal Financial Group Inc. grew its holdings in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the period. Wellington Management Group LLP grew its stake in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the period. State Street Corp increased its position in shares of American Healthcare REIT by 221.6% during 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 last quarter. FMR LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $56,575,000. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter worth approximately $33,838,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

AHR has been the topic of several recent research reports. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley raised their target price on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT presently has an average rating of "Buy" and a consensus price target of $32.17.

American Healthcare REIT Price Performance

NYSE:AHR traded down $0.48 on Wednesday, reaching $29.83. 3,153,565 shares of the company's stock traded hands, compared to its average volume of 1,650,080. The stock has a 50-day simple moving average of $28.88 and a 200-day simple moving average of $27.46. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $30.97. The firm has a market cap of $4.70 billion and a PE ratio of -62.15.

American Healthcare REIT Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. American Healthcare REIT's dividend payout ratio is -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.