Victory Capital Management Inc. Has $533,000 Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Victory Capital Management Inc. increased its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 12.1% during the fourth quarter, Holdings Channel.com reports. The fund 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares during the period. Principal Financial Group Inc. lifted its stake 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 worth $347,831,000 after acquiring an additional 2,750,137 shares during the period. State Street Corp lifted its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the period. Geode Capital Management LLC lifted its stake in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after acquiring an additional 1,094,296 shares during the period. Finally, FMR LLC acquired a new position in shares of American Healthcare REIT in the third quarter worth approximately $56,575,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. JMP Securities set a $35.00 target price on American Healthcare REIT in a 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 report on Wednesday. Finally, Morgan Stanley lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Buy” and an average price target of $30.83.

American Healthcare REIT Trading Down 0.8 %

NYSE AHR opened at $29.59 on Friday. The company has a market cap of $4.66 billion and a price-to-earnings ratio of -61.64. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. The business has a 50 day moving average price of $28.75 and a 200-day moving average price of $27.26. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.38%. American Healthcare REIT’s dividend 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.