Norges Bank Purchases New Position in American Healthcare REIT, Inc. (NYSE:AHR)

Norges Bank purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 680,477 shares of the company's stock, valued at approximately $19,339,000. Norges Bank owned about 0.44% of American Healthcare REIT at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in American Healthcare REIT during the fourth quarter valued at $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the 4th quarter worth $29,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analyst Weigh In

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

American Healthcare REIT Trading Up 1.2 %

American Healthcare REIT stock traded up $0.34 during mid-day trading on Friday, hitting $29.30. The company's stock had a trading volume of 1,360,022 shares, compared to its average volume of 1,753,747. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a 50 day moving average of $29.11 and a 200-day moving average of $27.92. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $31.61. The stock has a market cap of $4.62 billion, a PE ratio of -61.04, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's 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.