Amundi Purchases 36,881 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Amundi increased its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 83.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,145 shares of the company's stock after buying an additional 36,881 shares during the quarter. Amundi owned 0.05% of American Healthcare REIT worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in AHR. Raymond James Financial Inc. bought a new position in shares of American Healthcare REIT during the fourth quarter valued at $3,163,000. Promus Capital LLC acquired a new position in American Healthcare REIT during the 4th quarter worth about $86,000. Arizona State Retirement System grew its position in shares of American Healthcare REIT by 121.2% in the 4th quarter. Arizona State Retirement System now owns 44,049 shares of the company's stock valued at $1,252,000 after buying an additional 24,138 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $33,838,000. Finally, M&T Bank Corp raised its position in shares of American Healthcare REIT by 31.3% during the fourth quarter. M&T Bank Corp now owns 11,629 shares of the company's stock worth $330,000 after acquiring an additional 2,775 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Down 0.8 %

NYSE AHR traded down $0.25 during trading hours on Friday, hitting $29.59. The company's stock had a trading volume of 3,556,650 shares, compared to its average volume of 1,630,277. 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's 50-day simple moving average is $28.71 and its two-hundred day simple moving average is $27.20. The company has a market capitalization of $4.66 billion and a PE ratio of -61.64. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97.

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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 is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. American Healthcare REIT's payout ratio is -370.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AHR shares. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $30.83.

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.