Prudential Financial Inc. Increases Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Prudential Financial Inc. lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,521,182 shares of the company's stock after acquiring an additional 422,869 shares during the quarter. Prudential Financial Inc. owned approximately 2.30% of American Healthcare REIT worth $100,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after purchasing an additional 7,474,374 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after buying an additional 2,747,960 shares during the period. Principal Financial Group Inc. raised its holdings in American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after buying an additional 2,750,137 shares during the last quarter. State Street Corp boosted its position in American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after buying an additional 2,538,177 shares during the period. Finally, Geode Capital Management LLC grew its holdings in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after acquiring an additional 1,094,296 shares during the last quarter. Institutional investors own 16.68% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research firms have recently issued reports on AHR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday. 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.com, the company has a consensus rating of "Buy" and an average target price of $32.17.

American Healthcare REIT Trading Up 1.6 %

Shares of AHR stock traded up $0.47 during mid-day trading on Friday, hitting $30.40. The company's stock had a trading volume of 1,894,559 shares, compared to its average volume of 1,708,690. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. 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's fifty day simple moving average is $28.99 and its 200-day simple moving average is $27.58. The company has a market cap of $4.79 billion and a PE ratio of -63.32.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.

American Healthcare REIT 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.