Resona Asset Management Co. Ltd. Acquires Shares of 61,236 American Healthcare REIT, Inc. (NYSE:AHR)

Resona Asset Management Co. Ltd. bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 61,236 shares of the company's stock, valued at approximately $1,744,000.

A number of other institutional investors have also recently bought and sold shares of AHR. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT during the third quarter worth $28,000. GAMMA Investing LLC raised its stake in shares of American Healthcare REIT by 104.1% in the 4th 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 period. Carolina Wealth Advisors LLC bought a new stake in shares of American Healthcare REIT in the fourth quarter valued at about $29,000. Richardson Capital Management LLC acquired a new position in shares of American Healthcare REIT during the fourth quarter worth about $29,000. Finally, Quarry LP bought a new position in shares of American Healthcare REIT during the third quarter worth about $33,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $0.38 during trading on Tuesday, hitting $30.30. 191,179 shares of the stock were exchanged, compared to its average volume of 1,745,710. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $31.61. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of -63.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company has a fifty day moving average price of $29.12 and a 200-day moving average price of $27.95. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 annualized dividend and a yield of 3.30%. American Healthcare REIT's dividend payout ratio is -370.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp lowered their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $33.33.

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.