Mitsubishi UFJ Asset Management Co. Ltd. Purchases 4,653 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in American Healthcare REIT, Inc. (NYSE:AHR) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,817 shares of the company’s stock after purchasing an additional 4,653 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of American Healthcare REIT worth $2,840,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

AHR has been the subject of several recent analyst reports. Morgan Stanley raised 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 report on Tuesday, March 25th. KeyCorp reduced their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $33.33.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $30.73 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm’s 50-day simple moving average is $29.10 and its 200 day simple moving average is $27.71. The stock has a market cap of $4.84 billion and a price-to-earnings ratio of -64.01. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $31.04.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. 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.