American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 59.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,544 shares of the company's stock after buying an additional 66,675 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of American Healthcare REIT worth $5,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the 3rd quarter valued at about $28,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at about $29,000. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the 4th quarter worth approximately $29,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of American Healthcare REIT during the 4th quarter worth about $37,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AHR has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Morgan Stanley increased 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. KeyCorp dropped 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 report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $33.33.

American Healthcare REIT Price Performance

AHR stock traded up $0.24 during midday trading on Wednesday, reaching $30.41. The stock had a trading volume of 1,040,928 shares, compared to its average volume of 1,758,541. American Healthcare REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $31.61. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -63.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company's fifty day simple moving average is $29.34 and its 200 day simple moving average is $28.14. 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.29%. American Healthcare REIT's payout ratio is presently -370.37%.

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.