Van ECK Associates Corp Buys 14,652 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Van ECK Associates Corp grew its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 103.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,800 shares of the company’s stock after acquiring an additional 14,652 shares during the quarter. Van ECK Associates Corp’s holdings in American Healthcare REIT were worth $818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AHR. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the period. Wellington Management Group LLP grew its position in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the period. State Street Corp grew its position in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. FMR LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at approximately $56,575,000. Finally, Geode Capital Management LLC grew its position in shares of American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after purchasing an additional 1,094,296 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AHR shares. Royal Bank of Canada boosted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Finally, Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.00.

American Healthcare REIT Trading Down 2.0 %

NYSE:AHR opened at $27.32 on Friday. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $29.99. 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 business has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $25.75. The company has a market cap of $4.18 billion and a P/E ratio of -56.91.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s payout ratio is presently -208.33%.

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.