Cibc World Markets Corp Takes $404,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Cibc World Markets Corp bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 14,230 shares of the company's stock, valued at approximately $404,000.

A number of other institutional investors also recently bought and sold shares of AHR. Wellington Management Group LLP raised its holdings in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock worth $350,934,000 after buying an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after acquiring an additional 2,750,137 shares during the last quarter. State Street Corp lifted its position in American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the period. Geode Capital Management LLC lifted its stake in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock valued at $65,975,000 after acquiring an additional 1,094,296 shares during the period. Finally, FMR LLC acquired a new stake in shares of American Healthcare REIT in the third quarter worth $56,575,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AHR has been the topic of several analyst reports. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley upped 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. Royal Bank of Canada reissued an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. 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 price target of $32.17.

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American Healthcare REIT Price Performance

Shares of NYSE AHR traded up $0.11 during midday trading on Thursday, hitting $29.95. The stock had a trading volume of 1,981,741 shares, compared to its average volume of 1,653,600. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97. The company has a market capitalization of $4.72 billion and a PE ratio of -62.39. The stock has a 50 day simple moving average of $28.92 and a 200-day simple moving average of $27.48.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

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.