61,236 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 61,236 shares of the company’s stock, valued at approximately $1,744,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Diversify Advisory Services LLC boosted its stake in American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after acquiring an additional 436 shares during the last quarter. GAMMA Investing LLC boosted its stake in American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock valued at $395,000 after buying an additional 533 shares in the last quarter. IFP Advisors Inc lifted its stake in American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock valued at $134,000 after buying an additional 591 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in American Healthcare REIT by 8.0% in the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock valued at $289,000 after buying an additional 754 shares in the last quarter. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

NYSE AHR opened at $29.09 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $31.61. The company has a market capitalization of $4.58 billion, a PE ratio of -60.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42. The firm’s 50 day moving average is $29.10 and its 200-day moving average is $27.88.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.44%. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. KeyCorp cut their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Morgan Stanley lifted 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. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of “Buy” and a consensus price target of $33.33.

American Healthcare REIT 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.