Corebridge Financial Inc. Boosts Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Corebridge Financial Inc. lifted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,598 shares of the company's stock after acquiring an additional 31,577 shares during the quarter. Corebridge Financial Inc.'s holdings in American Healthcare REIT were worth $2,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT during the 3rd quarter worth $28,000. GAMMA Investing LLC grew its position in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the fourth quarter valued at $29,000. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT in the third quarter valued at about $33,000. Institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

AHR has been the subject of several recent research reports. KeyCorp reduced 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 report on Monday. Morgan Stanley lifted their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT has a consensus rating of "Buy" and an average price target of $33.33.

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American Healthcare REIT Stock Performance

AHR stock traded down $0.31 during trading on Thursday, reaching $30.49. The company had a trading volume of 2,003,323 shares, compared to its average volume of 1,721,081. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -63.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $31.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day simple moving average of $29.15 and a 200-day simple moving average of $27.73.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.28%. 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.