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

Wellington Management Group LLP reduced its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its holdings in shares of American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock worth $955,000 after buying an additional 436 shares in the last quarter. GAMMA Investing LLC raised its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after acquiring an additional 533 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock worth $134,000 after acquiring an additional 591 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its stake in shares of American Healthcare REIT by 8.0% in the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock valued at $289,000 after purchasing an additional 754 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

American Healthcare REIT Trading Down 6.3 %

Shares of NYSE AHR traded down $1.91 during trading on Friday, reaching $28.49. The company had a trading volume of 2,545,126 shares, compared to its average volume of 1,732,308. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $31.61. 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 stock has a market cap of $4.49 billion, a P/E ratio of -59.35, a PEG ratio of 1.57 and a beta of 1.42. The company's fifty day moving average price is $29.18 and its 200-day moving average price is $27.82.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -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.