American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by Truist Financial Corp

Truist Financial Corp boosted its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,229 shares of the company’s stock after buying an additional 2,019 shares during the quarter. Truist Financial Corp’s holdings in American Healthcare REIT were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after purchasing an additional 2,750,137 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of American Healthcare REIT by 64.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 216,703 shares of the company’s stock valued at $6,159,000 after purchasing an additional 84,703 shares during the last quarter. Csenge Advisory Group grew its position in shares of American Healthcare REIT by 6.5% in the fourth quarter. Csenge Advisory Group now owns 25,322 shares of the company’s stock valued at $720,000 after purchasing an additional 1,554 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $633,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of American Healthcare REIT in the fourth quarter valued at approximately $331,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $30.57 on Wednesday. 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 $4.68 billion and a P/E ratio of -63.68. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The firm’s 50 day moving average is $28.46 and its two-hundred day moving average is $26.55.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley upped their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada upped their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $27.71.

About American Healthcare REIT

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.