Westpac Banking Corp Buys 18,328 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Westpac Banking Corp increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 45.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,978 shares of the company's stock after buying an additional 18,328 shares during the quarter. Westpac Banking Corp's holdings in American Healthcare REIT were worth $1,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of American Healthcare REIT by 104.1% in the 4th 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. Richardson Capital Management LLC purchased a new position in American Healthcare REIT during the fourth quarter worth about $29,000. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the 3rd quarter worth about $28,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT in the 3rd quarter valued at about $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded up $1.77 during trading on Wednesday, reaching $29.09. 2,474,698 shares of the stock traded hands, compared to its average volume of 1,749,289. The company has a 50-day moving average of $29.10 and a 200-day moving average of $27.88. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $31.61. The stock has a market capitalization of $4.58 billion, a P/E ratio of -60.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Announces Dividend

The firm 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.44%. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Analyst Ratings Changes

AHR has been the topic of a number of research analyst reports. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp cut 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. Morgan Stanley raised 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. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently 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.