Hsbc Holdings PLC Has $3.56 Million Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Hsbc Holdings PLC boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 103.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,244 shares of the company’s stock after buying an additional 63,762 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of American Healthcare REIT worth $3,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. acquired a new position in shares of American Healthcare REIT in the fourth quarter worth approximately $1,519,000. OneDigital Investment Advisors LLC lifted its position in shares of American Healthcare REIT by 20.6% in the 4th quarter. OneDigital Investment Advisors LLC now owns 164,415 shares of the company’s stock worth $4,673,000 after purchasing an additional 28,084 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of American Healthcare REIT by 63.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 76,715 shares of the company’s stock valued at $2,180,000 after purchasing an additional 29,792 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $1,280,000. Finally, MetLife Investment Management LLC raised its stake in American Healthcare REIT by 83.3% during the fourth quarter. MetLife Investment Management LLC now owns 95,956 shares of the company’s stock worth $2,727,000 after buying an additional 43,612 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a report on Monday. They issued a “buy” rating and a $37.00 target price for the company. KeyCorp cut their price target on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.86.

American Healthcare REIT Stock Performance

AHR opened at $31.96 on Wednesday. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $32.29. The company has a market cap of $5.04 billion, a price-to-earnings ratio of -66.58, a PEG ratio of 1.57 and a beta of 1.42. The company’s fifty day moving average price is $29.67 and its two-hundred day moving average price is $28.37. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.13%. 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.