Adage Capital Partners GP L.L.C. Buys 495,000 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Adage Capital Partners GP L.L.C. boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 115.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,000 shares of the company's stock after purchasing an additional 495,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.60% of American Healthcare REIT worth $26,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after purchasing an additional 7,474,374 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Healthcare REIT by 29.0% in the 4th quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after acquiring an additional 2,750,137 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of American Healthcare REIT by 46.4% in the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after acquiring an additional 1,172,670 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of American Healthcare REIT by 13.6% in the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock valued at $100,072,000 after acquiring an additional 422,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Healthcare REIT by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,145,125 shares of the company's stock valued at $60,964,000 after acquiring an additional 237,139 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AHR. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp decreased their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $33.86.

American Healthcare REIT Stock Performance

NYSE:AHR traded down $0.57 during mid-day trading on Thursday, hitting $31.71. 547,592 shares of the stock were exchanged, compared to its average volume of 1,779,020. The firm's 50-day simple moving average is $29.77 and its 200 day simple moving average is $28.40. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -65.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $33.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Dividend Announcement

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. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.15%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

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.