American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 39.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,479 shares of the company's stock after purchasing an additional 13,208 shares during the quarter. Pictet Asset Management Holding SA's holdings in American Healthcare REIT were worth $1,321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after purchasing an additional 504 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter worth about $29,000. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT in the third quarter worth about $28,000. Finally, Quarry LP purchased a new position in shares of American Healthcare REIT in the third quarter worth about $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 0.8 %

Shares of NYSE AHR traded down $0.24 during trading on Thursday, reaching $28.85. The stock had a trading volume of 112,439 shares, compared to its average volume of 1,759,592. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $31.61. 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 business's 50-day moving average price is $29.10 and its 200-day moving average price is $27.88. The company has a market cap of $4.55 billion, a P/E ratio of -60.10, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. American Healthcare REIT's payout ratio is presently -370.37%.

Analyst Ratings Changes

Several research firms recently commented on AHR. Morgan Stanley raised their target price on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. KeyCorp dropped their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. 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 target price 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.