Invesco Ltd. Has $8.69 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Invesco Ltd. lifted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 265.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 305,663 shares of the company's stock after buying an additional 222,052 shares during the period. Invesco Ltd. owned about 0.20% of American Healthcare REIT worth $8,687,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Employees Retirement System of Texas acquired a new position in American Healthcare REIT during the fourth quarter valued at approximately $3,837,000. Cerity Partners LLC boosted its holdings in shares of American Healthcare REIT by 177.0% in the 4th quarter. Cerity Partners LLC now owns 32,109 shares of the company's stock valued at $912,000 after buying an additional 20,516 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of American Healthcare REIT by 92.8% in the fourth quarter. Federated Hermes Inc. now owns 644,730 shares of the company's stock valued at $18,323,000 after buying an additional 310,295 shares in the last quarter. Wells Fargo & Company MN increased its holdings in American Healthcare REIT by 59.1% during the fourth quarter. Wells Fargo & Company MN now owns 179,544 shares of the company's stock worth $5,103,000 after buying an additional 66,675 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in American Healthcare REIT during the fourth quarter worth $1,744,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $30.41 on Thursday. The business has a fifty day moving average price of $29.39 and a two-hundred day moving average price of $28.16. The stock has a market capitalization of $4.79 billion, a PE ratio of -63.35, a P/E/G ratio of 1.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $31.61.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is presently -370.37%.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Company 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.

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