Corebridge Financial Inc. Has $2.15 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Corebridge Financial Inc. grew its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 71.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,598 shares of the company's stock after purchasing an additional 31,577 shares during the quarter. Corebridge Financial Inc.'s holdings in American Healthcare REIT were worth $2,148,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the period. KLP Kapitalforvaltning AS bought a new position in American Healthcare REIT in the 4th quarter worth approximately $913,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of American Healthcare REIT by 243.0% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,089 shares of the company's stock worth $1,395,000 after buying an additional 34,779 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of American Healthcare REIT by 276.4% in the fourth quarter. Teacher Retirement System of Texas now owns 150,214 shares of the company's stock valued at $4,269,000 after acquiring an additional 110,309 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of American Healthcare REIT by 89.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 14,756 shares of the company's stock worth $419,000 after acquiring an additional 6,960 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

NYSE AHR traded down $1.91 on Friday, reaching $28.49. The company's stock had a trading volume of 2,545,126 shares, compared to its average volume of 1,732,308. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $31.61. 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 firm has a market cap of $4.49 billion, a PE ratio of -59.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The business has a 50-day moving average price of $29.18 and a 200 day moving average price of $27.82.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. KeyCorp cut their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada restated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $33.33.

About American Healthcare REIT

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.