Federated Hermes Inc. Increases Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Federated Hermes Inc. grew its position in American Healthcare REIT, Inc. (NYSE:AHR) by 92.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,730 shares of the company’s stock after buying an additional 310,295 shares during the quarter. Federated Hermes Inc. owned 0.42% of American Healthcare REIT worth $18,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT during the 3rd quarter worth $28,000. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after buying an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the fourth quarter valued at $29,000. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT during the fourth quarter valued at about $29,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT in the 3rd quarter worth about $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $29.09 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $4.58 billion, a P/E ratio of -60.60, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $31.61. The firm’s 50 day moving average is $29.10 and its 200 day moving average is $27.88.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.44%. American Healthcare REIT’s payout ratio is -370.37%.

Analyst Ratings Changes

A number of brokerages have issued reports on AHR. Morgan Stanley upped their target price on 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 reissued an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp lowered 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, March 31st. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.33.

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.