Rhumbline Advisers Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Rhumbline Advisers lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 128.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 256,293 shares of the company's stock after acquiring an additional 144,119 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of American Healthcare REIT worth $7,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Wellington Management Group LLP boosted its stake in American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock worth $350,934,000 after purchasing an additional 2,747,960 shares during the period. State Street Corp boosted its stake in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after purchasing an additional 2,538,177 shares during the period. FMR LLC bought a new position in American Healthcare REIT in the 3rd quarter worth about $56,575,000. Finally, Geode Capital Management LLC boosted its stake in American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after purchasing an additional 1,094,296 shares during the period. Institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AHR. Royal Bank of Canada raised their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Truist Financial raised their price target on 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 raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded down $0.35 during trading hours on Friday, reaching $29.83. 5,584,083 shares of the stock traded hands, compared to its average volume of 1,441,792. The company has a market capitalization of $4.57 billion and a P/E ratio of -62.15. 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, Inc. has a 52-week low of $12.81 and a 52-week high of $30.33. The company's 50-day simple moving average is $28.37 and its two-hundred day simple moving average is $26.27.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.35%. American Healthcare REIT's dividend payout ratio is -370.37%.

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.