Principal Financial Group Inc. Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

Principal Financial Group Inc. raised its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 54.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,488,750 shares of the company's stock after acquiring an additional 3,330,714 shares during the period. Principal Financial Group Inc. owned approximately 6.20% of American Healthcare REIT worth $247,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American Healthcare REIT by 34.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock valued at $66,000 after purchasing an additional 654 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the 3rd quarter valued at $28,000. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at $28,000. Quarry LP purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth $33,000. Finally, Tidemark LLC bought a new stake in shares of American Healthcare REIT in the third quarter worth $44,000. 16.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AHR has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. JMP Securities increased their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. Bank of America raised their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Truist Financial upped their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.13.

American Healthcare REIT Price Performance

NYSE:AHR traded up $0.54 during trading hours on Friday, hitting $27.75. 17,043,914 shares of the stock traded hands, compared to its average volume of 1,602,578. The company has a market cap of $4.25 billion and a price-to-earnings ratio of -57.81. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a 50 day moving average price of $27.08 and a 200 day moving average price of $21.74. 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 (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is -208.33%.

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.