Victory Capital Management Inc. Purchases 2,026 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Victory Capital Management Inc. grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,756 shares of the company’s stock after buying an additional 2,026 shares during the period. Victory Capital Management Inc.’s holdings in American Healthcare REIT were worth $533,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC increased its position in shares of American Healthcare REIT by 1.3% in the fourth quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company’s stock worth $955,000 after purchasing an additional 436 shares during the period. GAMMA Investing LLC increased its position in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the period. Janney Montgomery Scott LLC increased its position in shares of American Healthcare REIT by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company’s stock worth $395,000 after purchasing an additional 533 shares during the period. IFP Advisors Inc increased its position in shares of American Healthcare REIT by 14.4% in the fourth quarter. IFP Advisors Inc now owns 4,683 shares of the company’s stock worth $134,000 after purchasing an additional 591 shares during the period. Finally, Fiduciary Alliance LLC increased its position in shares of American Healthcare REIT by 8.0% in the fourth quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company’s stock worth $289,000 after purchasing an additional 754 shares during the period. Institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AHR. JMP Securities set a $35.00 price target 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday. Finally, Morgan Stanley lifted their target price 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Buy” and a consensus target price of $30.83.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $29.59 on Friday. The business’s 50-day moving average price is $28.75 and its 200-day moving average price is $27.26. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $30.97. The firm has a market capitalization of $4.66 billion and a price-to-earnings ratio of -61.64. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

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.