Transce3nd LLC Acquires Shares of 43,996 American Healthcare REIT, Inc. (NYSE:AHR)

Transce3nd LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 43,996 shares of the company's stock, valued at approximately $1,280,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings 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 acquiring an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. raised its stake in American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new position in American Healthcare REIT during the 4th quarter worth approximately $33,838,000. Geode Capital Management LLC increased its holdings in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after acquiring an additional 1,172,670 shares during the last quarter. Finally, Norges Bank bought a new position in American Healthcare REIT during the fourth quarter worth $19,339,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

AHR stock traded up $0.24 during trading hours on Wednesday, hitting $30.41. 1,040,928 shares of the stock traded hands, compared to its average volume of 1,762,641. The company has a market cap of $4.79 billion, a P/E ratio of -63.35, a P/E/G ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a one year low of $13.35 and a one year high of $31.61. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $29.34 and a 200 day simple moving average of $28.14.

American Healthcare REIT Announces Dividend

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

Analysts Set New Price Targets

AHR has been the topic of several research reports. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley boosted their price objective 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. KeyCorp cut their target price on 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. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $33.33.

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.