Wellington Management Group LLP Sells 3,222,415 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Wellington Management Group LLP lessened its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,223,337 shares of the company's stock after selling 3,222,415 shares during the period. Wellington Management Group LLP owned approximately 6.49% of American Healthcare REIT worth $290,547,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock worth $2,456,000 after buying an additional 41,755 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in American Healthcare REIT in the fourth quarter worth about $758,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in American Healthcare REIT by 407.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,497 shares of the company's stock worth $9,305,000 after acquiring an additional 286,292 shares during the last quarter. Zacks Investment Management purchased a new stake in American Healthcare REIT during the third quarter valued at approximately $1,129,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $5,552,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Down 1.0 %

Shares of AHR stock traded down $0.31 on Thursday, hitting $30.49. The stock had a trading volume of 2,003,323 shares, compared to its average volume of 1,721,081. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $31.54. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.80 billion, a PE ratio of -63.51, a P/E/G ratio of 1.57 and a beta of 1.42. The business has a 50 day moving average price of $29.15 and a 200 day moving average price of $27.73.

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American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AHR shares. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp reduced their target price 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. 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. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT currently has an average rating of "Buy" and an average price target of $33.33.

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.