Hsbc Holdings PLC increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 103.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 125,244 shares of the company's stock after buying an additional 63,762 shares during the period. Hsbc Holdings PLC owned 0.08% of American Healthcare REIT worth $3,559,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after purchasing an additional 2,750,137 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Healthcare REIT by 46.4% during 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. boosted its holdings in American Healthcare REIT by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after purchasing an additional 422,869 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Healthcare REIT by 12.4% in the fourth 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.
American Healthcare REIT Stock Up 2.3 %
Shares of AHR traded up $0.73 during midday trading on Friday, reaching $32.54. 1,525,798 shares of the stock were exchanged, compared to its average volume of 1,791,045. American Healthcare REIT, Inc. has a 52 week low of $13.67 and a 52 week high of $33.40. The company's 50 day moving average is $29.85 and its two-hundred day moving average is $28.45. The company has a market capitalization of $5.13 billion, a P/E ratio of -67.79, a PEG ratio of 1.57 and a beta of 1.42. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is currently -370.37%.
Analyst Ratings Changes
A number of research analysts have recently commented on AHR shares. KeyCorp dropped their price target 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. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley boosted their target price on 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 initiated coverage on shares of American Healthcare REIT in a report on Monday. They set a "buy" rating and a $37.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $33.86.
View Our Latest Stock Analysis on AHR
American Healthcare REIT Profile
(
Free Report)
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.
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