Transce3nd LLC Purchases New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Transce3nd LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,996 shares of the company’s stock, valued at approximately $1,280,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of American Healthcare REIT by 94.8% during the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock worth $436,455,000 after acquiring an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 purchasing an additional 3,330,714 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in American Healthcare REIT during the 4th quarter worth approximately $33,838,000. Geode Capital Management LLC raised its stake 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 purchasing an additional 1,172,670 shares during the last quarter. Finally, Norges Bank bought a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $19,339,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Up 0.7 %

American Healthcare REIT stock opened at $30.54 on Friday. The firm has a 50 day moving average price of $29.26 and a 200-day moving average price of $28.07. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a twelve month low of $13.02 and a twelve month high of $31.61. The company has a market capitalization of $4.81 billion, a P/E ratio of -63.63, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AHR shares. Morgan Stanley increased their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp dropped 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. Finally, 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.