Wells Fargo & Company MN Acquires 66,675 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Wells Fargo & Company MN increased its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 59.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 179,544 shares of the company’s stock after buying an additional 66,675 shares during the quarter. Wells Fargo & Company MN owned about 0.12% of American Healthcare REIT worth $5,103,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AHR. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after acquiring an additional 3,330,714 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of American Healthcare REIT during the 4th quarter valued at $33,838,000. Geode Capital Management LLC raised its holdings in American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company’s stock worth $105,171,000 after purchasing an additional 1,172,670 shares during the period. Finally, Norges Bank purchased a new position in American Healthcare REIT during the fourth quarter valued at $19,339,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AHR has been the topic of several recent research reports. KeyCorp decreased 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Morgan Stanley increased 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. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $33.33.

American Healthcare REIT Trading Up 0.7 %

Shares of American Healthcare REIT stock opened at $30.54 on Monday. American Healthcare REIT, Inc. has a twelve month low of $13.02 and a twelve 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 business has a 50-day moving average price of $29.26 and a 200-day moving average price of $28.09. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -63.63, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

About American Healthcare REIT

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.