Wells Fargo & Company MN Buys 66,675 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Wells Fargo & Company MN lifted its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 59.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,544 shares of the company’s stock after purchasing an additional 66,675 shares during the quarter. Wells Fargo & Company MN’s holdings in American Healthcare REIT were worth $5,103,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after acquiring an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in American Healthcare REIT during the 4th quarter valued at $29,000. Richardson Capital Management LLC bought a new position in American Healthcare REIT in the 4th quarter valued at $29,000. Finally, Decker Retirement Planning Inc. purchased a new stake in American Healthcare REIT in the fourth quarter worth $37,000. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR stock opened at $30.54 on Monday. The company’s 50 day moving average is $29.26 and its 200 day moving average is $28.09. 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 firm has a market cap of $4.81 billion, a price-to-earnings ratio of -63.63, a PEG ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a 52-week low of $13.02 and a 52-week high of $31.61.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp decreased their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 target price on American Healthcare REIT in a research 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 an average rating of “Buy” and a consensus target price of $33.33.

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.