American Healthcare REIT, Inc. (NYSE:AHR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 177.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,109 shares of the company's stock after buying an additional 20,516 shares during the period. Cerity Partners LLC's holdings in American Healthcare REIT were worth $912,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AHR. Geneos Wealth Management Inc. bought a new position in American Healthcare REIT in the fourth quarter valued at about $758,000. Principal Financial Group Inc. lifted its position in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares in the last quarter. Geode Capital Management LLC increased its position in American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after buying an additional 1,094,296 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in American Healthcare REIT during the 4th quarter worth approximately $331,000. Finally, Arkadios Wealth Advisors lifted its position in shares of American Healthcare REIT by 46.7% in the fourth quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock valued at $1,292,000 after acquiring an additional 14,464 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AHR shares. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. KeyCorp lowered their price target on shares of 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. Finally, Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $33.33.

American Healthcare REIT Stock Up 0.1 %

Shares of AHR stock traded up $0.04 during trading hours on Wednesday, reaching $30.21. 417,871 shares of the company's stock were exchanged, compared to its average volume of 1,756,144. American Healthcare REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $31.61. The stock's 50 day moving average is $29.34 and its 200-day moving average is $28.14. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -62.94, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.31%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

American Healthcare REIT 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.