American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,699,793 shares of the company’s stock after acquiring an additional 1,172,670 shares during the period. Geode Capital Management LLC owned 2.42% of American Healthcare REIT worth $105,171,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Franklin Resources Inc. grew its position in shares of American Healthcare REIT by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 179,809 shares of the company’s stock worth $5,110,000 after acquiring an additional 12,624 shares during the last quarter. Allstate Corp purchased a new position in American Healthcare REIT in the 4th quarter valued at $215,000. Pictet Asset Management Holding SA grew its position in American Healthcare REIT by 39.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 46,479 shares of the company’s stock valued at $1,321,000 after buying an additional 13,208 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in American Healthcare REIT by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 208,901 shares of the company’s stock valued at $5,937,000 after buying an additional 4,901 shares during the last quarter. Finally, Norges Bank purchased a new position in American Healthcare REIT in the 4th quarter valued at $19,339,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 6.5 %

NYSE AHR opened at $29.09 on Thursday. American Healthcare REIT, Inc. has a one year low of $12.81 and a one year high of $31.61. The company’s 50 day moving average price is $29.10 and its 200 day moving average price is $27.88. 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 has a market capitalization of $4.58 billion, a price-to-earnings ratio of -60.60, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.44%. American Healthcare REIT’s payout ratio is -370.37%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp decreased their target price on shares of 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. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley boosted their target price 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. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $34.00 target price 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, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $33.33.

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.