Metis Global Partners LLC Buys 3,535 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Metis Global Partners LLC lifted its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 26.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,092 shares of the company’s stock after purchasing an additional 3,535 shares during the quarter. Metis Global Partners LLC’s holdings in American Healthcare REIT were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of American Healthcare REIT by 25.7% in the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after purchasing an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. raised its holdings in American Healthcare REIT by 29.0% in the 4th 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 last quarter. State Street Corp raised its holdings in American Healthcare REIT by 221.6% in the 3rd 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 last quarter. Geode Capital Management LLC raised its holdings in American Healthcare REIT by 76.4% in the 3rd 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 last quarter. Finally, FMR LLC purchased a new position in American Healthcare REIT in the 3rd quarter worth approximately $56,575,000. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AHR shares. Truist Financial boosted their price objective 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. Morgan Stanley boosted their price objective 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, Royal Bank of Canada boosted their price objective 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $27.71.

American Healthcare REIT Price Performance

Shares of AHR opened at $30.44 on Thursday. The firm has a market cap of $4.66 billion and a PE ratio of -63.41. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $28.50 and a two-hundred day simple moving average of $26.58. American Healthcare REIT, Inc. has a 1-year low of $12.81 and a 1-year high of $30.97.

American Healthcare REIT Announces Dividend

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