BROOKFIELD Corp ON Acquires 44,110 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

BROOKFIELD Corp ON grew its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 483,708 shares of the company’s stock after buying an additional 44,110 shares during the quarter. BROOKFIELD Corp ON owned 0.32% of American Healthcare REIT worth $13,747,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after buying an additional 504 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. Carolina Wealth Advisors LLC purchased a new stake in American Healthcare REIT in the fourth quarter worth $29,000. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT in the fourth quarter worth $29,000. Finally, Decker Retirement Planning Inc. bought a new stake in American Healthcare REIT in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on AHR shares. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp reduced their price target 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 reissued an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They issued a “buy” rating and a $37.00 target price on the stock. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $33.86.

American Healthcare REIT Stock Down 0.4 %

Shares of NYSE:AHR opened at $32.41 on Tuesday. American Healthcare REIT, Inc. has a 12-month low of $13.67 and a 12-month high of $32.67. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of -67.52, a PEG ratio of 1.57 and a beta of 1.40. The stock has a fifty day simple moving average of $29.98 and a two-hundred day simple moving average of $28.60. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 3.09%. 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.