American Healthcare REIT, Inc. (NYSE:AHR) Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC raised its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 177.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,109 shares of the company’s stock after buying an additional 20,516 shares during the quarter. Cerity Partners LLC’s holdings in American Healthcare REIT were worth $912,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AHR. Vanguard Group Inc. lifted 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 worth $436,455,000 after purchasing an additional 7,474,374 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after purchasing an additional 2,750,137 shares during the period. Geode Capital Management LLC increased its position in shares of American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after acquiring an additional 1,172,670 shares in the last quarter. Prudential Financial Inc. grew its position in American Healthcare REIT by 13.6% during the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company’s stock worth $100,072,000 after purchasing an additional 422,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in American Healthcare REIT by 12.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company’s stock valued at $60,964,000 after buying an additional 237,139 shares during the period. 16.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on AHR. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp dropped their price objective 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. Morgan Stanley upped their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and an average price target of $33.33.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $30.54 on Friday. The firm’s 50-day moving average price is $29.26 and its two-hundred day moving average price is $28.07. American Healthcare REIT, Inc. has a 1-year low of $13.02 and a 1-year high of $31.61. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -63.63, a P/E/G ratio of 1.57 and a beta of 1.42. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. American Healthcare REIT’s dividend payout ratio (DPR) 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.