Federated Hermes Inc. Purchases 310,295 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Federated Hermes Inc. raised its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 92.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 644,730 shares of the company's stock after buying an additional 310,295 shares during the quarter. Federated Hermes Inc. owned about 0.42% of American Healthcare REIT worth $18,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Advisory Services LLC lifted its stake in American Healthcare REIT by 1.3% during the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after purchasing an additional 436 shares during the last quarter. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after buying an additional 504 shares in the last quarter. Janney Montgomery Scott LLC grew its position in American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock valued at $395,000 after acquiring an additional 533 shares during the last quarter. IFP Advisors Inc raised its stake in American Healthcare REIT by 14.4% during the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after acquiring an additional 591 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of American Healthcare REIT by 8.0% in the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after acquiring an additional 754 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Trading Up 1.2 %

AHR traded up $0.37 during trading on Tuesday, hitting $30.29. The company's stock had a trading volume of 222,070 shares, compared to its average volume of 1,745,784. The firm has a market capitalization of $4.77 billion, a P/E ratio of -63.09, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $31.61. The stock's fifty day moving average price is $29.12 and its 200-day moving average price is $27.95. 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 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -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.