Wells Fargo & Company MN Raises Position in American Healthcare REIT, Inc. (NYSE:AHR)

Wells Fargo & Company MN increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 59.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 179,544 shares of the company's stock after purchasing an additional 66,675 shares during the period. Wells Fargo & Company MN owned 0.12% of American Healthcare REIT worth $5,103,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AHR. Wilmington Savings Fund Society FSB bought a new position in American Healthcare REIT during the 3rd quarter worth $28,000. GAMMA Investing LLC raised its stake in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in American Healthcare REIT during the fourth quarter worth about $29,000. Richardson Capital Management LLC acquired a new stake in American Healthcare REIT during the fourth quarter worth about $29,000. Finally, Decker Retirement Planning Inc. bought a new position in American Healthcare REIT in the 4th quarter valued at about $37,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AHR. Morgan Stanley increased their price target on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, KeyCorp dropped their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $33.33.

American Healthcare REIT Stock Down 0.5 %

NYSE:AHR traded down $0.17 on Friday, hitting $30.91. The stock had a trading volume of 89,687 shares, compared to its average volume of 1,761,626. American Healthcare REIT, Inc. has a 52 week low of $13.35 and a 52 week high of $31.61. The business's fifty day moving average is $29.45 and its 200 day moving average is $28.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.87 billion, a PE ratio of -64.25, a P/E/G 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's payout ratio is -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.