Asset Management One Co. Ltd. Raises Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Asset Management One Co. Ltd. grew its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 123.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,125 shares of the company's stock after purchasing an additional 117,746 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of American Healthcare REIT worth $5,563,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Chilton Capital Management LLC purchased a new position in American Healthcare REIT in the 1st quarter valued at approximately $7,679,000. Sei Investments Co. purchased a new position in American Healthcare REIT during the 1st quarter valued at about $2,967,000. Russell Investments Group Ltd. bought a new stake in shares of American Healthcare REIT during the first quarter valued at about $20,381,000. Centersquare Investment Management LLC bought a new position in shares of American Healthcare REIT in the first quarter valued at approximately $63,269,000. Finally, Vanguard Group Inc. purchased a new position in American Healthcare REIT during the first quarter valued at approximately $16,205,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded down $0.23 during trading on Friday, reaching $26.08. 1,382,283 shares of the company traded hands, compared to its average volume of 1,445,317. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.21. The business's fifty day moving average is $24.85 and its 200-day moving average is $18.90.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AHR. JMP Securities upped their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. Bank of America lifted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. KeyCorp raised their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Finally, Truist Financial upped their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.00.

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.