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

MetLife Investment Management LLC grew its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 83.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,956 shares of the company's stock after buying an additional 43,612 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of American Healthcare REIT worth $2,727,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of American Healthcare REIT during the 4th quarter worth approximately $758,000. Principal Financial Group Inc. boosted 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 valued at $247,654,000 after acquiring an additional 3,330,714 shares during the period. Strategic Financial Concepts LLC purchased a new position in American Healthcare REIT in the 4th quarter worth about $331,000. Arkadios Wealth Advisors increased its position in shares of American Healthcare REIT by 46.7% during the fourth quarter. Arkadios Wealth Advisors now owns 45,451 shares of the company's stock worth $1,292,000 after acquiring an additional 14,464 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of American Healthcare REIT by 15.9% during the third quarter. JPMorgan Chase & Co. now owns 917,636 shares of the company's stock valued at $23,950,000 after buying an additional 125,641 shares during the period. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp cut their target price on 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. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Jefferies Financial Group initiated coverage on American Healthcare REIT in a research note on Monday. They issued a "buy" rating and a $37.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and a consensus target price of $33.86.

American Healthcare REIT Trading Up 1.9 %

American Healthcare REIT stock traded up $0.60 during trading on Friday, reaching $32.41. 634,604 shares of the company were exchanged, compared to its average volume of 1,671,320. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a 52-week low of $13.67 and a 52-week high of $32.59. The stock's 50 day simple moving average is $29.85 and its two-hundred day simple moving average is $28.45. The company has a market capitalization of $5.11 billion, a P/E ratio of -67.50, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

American Healthcare REIT Company 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.