Invesco Ltd. raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 265.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,663 shares of the company's stock after buying an additional 222,052 shares during the period. Invesco Ltd. owned about 0.20% of American Healthcare REIT worth $8,687,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of AHR. Barclays PLC boosted its holdings in shares of American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company's stock valued at $4,654,000 after purchasing an additional 102,588 shares during the period. McIlrath & Eck LLC purchased a new stake in American Healthcare REIT during the third quarter worth $55,000. Advisory Resource Group purchased a new stake in American Healthcare REIT during the third quarter worth $754,000. SOA Wealth Advisors LLC. acquired a new position in shares of American Healthcare REIT during the third quarter worth $45,000. Finally, Fulcrum Equity Management acquired a new position in shares of American Healthcare REIT during the third quarter worth $259,000. Hedge funds and other institutional investors own 16.68% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on AHR. Morgan Stanley upped their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. 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 report on Monday, March 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group started coverage on American Healthcare REIT in a research 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, Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of "Buy" and an average target price of $33.86.
Check Out Our Latest Report on AHR
American Healthcare REIT Price Performance
Shares of NYSE:AHR traded down $0.16 on Tuesday, reaching $31.43. 130,072 shares of the company were exchanged, compared to its average volume of 1,767,364. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -65.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $31.70. The company has a 50-day moving average of $29.59 and a 200-day moving average of $28.35. 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 firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.18%. American Healthcare REIT's payout ratio is -370.37%.
American Healthcare REIT Company Profile
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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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