Metis Global Partners LLC Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Metis Global Partners LLC raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 26.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,092 shares of the company’s stock after buying an additional 3,535 shares during the period. Metis Global Partners LLC’s holdings in American Healthcare REIT were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after buying an additional 2,747,960 shares during the period. Principal Financial Group Inc. boosted its position in American Healthcare REIT by 29.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after buying an additional 2,750,137 shares during the period. State Street Corp boosted its position in American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares during the period. Geode Capital Management LLC boosted its position in American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares during the period. Finally, FMR LLC purchased a new stake in American Healthcare REIT during the third quarter valued at about $56,575,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $30.44 on Thursday. The stock’s 50 day simple moving average is $28.50 and its two-hundred day simple moving average is $26.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $4.66 billion and a price-to-earnings ratio of -63.41. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.29%. American Healthcare REIT’s payout ratio is -370.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AHR shares. Royal Bank of Canada increased their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Morgan Stanley increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 30th. Finally, Truist Financial increased their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT has an average rating of “Buy” and an average target price of $27.71.

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.