CANADA LIFE ASSURANCE Co Has $5.50 Million Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

CANADA LIFE ASSURANCE Co increased its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 193,797 shares of the company's stock after purchasing an additional 27,747 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.13% of American Healthcare REIT worth $5,504,000 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 AHR. Vanguard Group Inc. grew its holdings in American Healthcare REIT by 94.8% in the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after buying an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 acquired a new position in shares of American Healthcare REIT in the fourth quarter valued at $33,838,000. Geode Capital Management LLC boosted its stake in American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after buying an additional 1,172,670 shares in the last quarter. Finally, Norges Bank bought a new stake in American Healthcare REIT in the fourth quarter valued at about $19,339,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded down $0.03 on Tuesday, reaching $31.56. 174,200 shares of the company's stock were exchanged, compared to its average volume of 1,767,660. The company has a fifty day moving average of $29.59 and a 200-day moving average of $28.35. American Healthcare REIT, Inc. has a twelve month low of $13.67 and a twelve month high of $31.70. 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 company has a market capitalization of $4.97 billion, a price-to-earnings ratio of -65.97, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. American Healthcare REIT's payout ratio is -370.37%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a report on Tuesday, March 4th. 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. Morgan Stanley increased their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday. 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, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $33.86.

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.