Prudential Financial Inc. Acquires 422,869 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Prudential Financial Inc. lifted its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,521,182 shares of the company’s stock after purchasing an additional 422,869 shares during the quarter. Prudential Financial Inc.’s holdings in American Healthcare REIT were worth $100,072,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AHR. Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC increased its position in shares of American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $29,000. Richardson Capital Management LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $29,000. Finally, Quarry LP acquired a new position in American Healthcare REIT in the 3rd quarter worth $33,000. Institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

AHR has been the topic of several recent research reports. Citigroup reissued an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT has a consensus rating of “Buy” and an average target price of $30.83.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $30.47 on Tuesday. The stock has a market capitalization of $4.80 billion and a PE ratio of -63.48. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. The stock has a 50 day moving average price of $28.82 and a 200 day moving average price of $27.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -370.37%.

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.