Nomura Asset Management Co. Ltd. Purchases 4,901 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Nomura Asset Management Co. Ltd. increased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 208,901 shares of the company’s stock after acquiring an additional 4,901 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Healthcare REIT were worth $5,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AHR. Vanguard Group Inc. grew its position in shares of American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company’s stock valued at $436,455,000 after purchasing an additional 7,474,374 shares in the last quarter. Wellington Management Group LLP grew 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 worth $350,934,000 after buying an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after acquiring an additional 2,538,177 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of American Healthcare REIT by 13.6% during the 4th quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company’s stock valued at $100,072,000 after acquiring an additional 422,869 shares during the last quarter. Institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $30.30 on Tuesday. The firm has a fifty day simple moving average of $29.04 and a two-hundred day simple moving average of $27.66. 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, Inc. has a twelve month low of $12.81 and a twelve month high of $30.97. The company has a market capitalization of $4.77 billion and a PE ratio of -63.13.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AHR. Morgan Stanley raised 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 reaffirmed 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 research note on Tuesday, March 4th. KeyCorp dropped their price target on American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $33.33.

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.