Bank of New York Mellon Corp Acquires 424,773 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Bank of New York Mellon Corp raised its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 139.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 728,853 shares of the company's stock after buying an additional 424,773 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.48% of American Healthcare REIT worth $20,714,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock valued at $49,798,000 after purchasing an additional 1,034,365 shares during the period. Janus Henderson Group PLC increased its holdings in shares of American Healthcare REIT by 79.8% during the third quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock valued at $2,456,000 after purchasing an additional 41,755 shares during the period. Swiss National Bank grew its holdings in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company's stock worth $7,606,000 after acquiring an additional 162,800 shares during the period. Hilton Capital Management LLC acquired a new position in American Healthcare REIT during the third quarter worth about $4,777,000. Finally, Geneos Wealth Management Inc. acquired a new position in American Healthcare REIT during the fourth quarter worth about $758,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AHR shares. Morgan Stanley lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT presently has an average rating of "Buy" and an average target price of $28.43.

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American Healthcare REIT Stock Up 2.0 %

NYSE AHR traded up $0.57 during trading on Friday, reaching $29.46. 2,015,969 shares of the company's stock were exchanged, compared to its average volume of 1,624,630. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The firm has a market capitalization of $4.64 billion and a PE ratio of -61.37. 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 fifty day simple moving average is $28.54 and its 200-day simple moving average is $26.90.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. American Healthcare REIT's dividend payout ratio is -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.