Allstate Corp Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Allstate Corp purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,576 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also made changes to their positions in the business. Pictet Asset Management Holding SA grew its stake in shares of American Healthcare REIT by 39.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 46,479 shares of the company’s stock worth $1,321,000 after acquiring an additional 13,208 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in American Healthcare REIT by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 208,901 shares of the company’s stock worth $5,937,000 after purchasing an additional 4,901 shares during the last quarter. Norges Bank bought a new position in shares of American Healthcare REIT during the 4th quarter worth about $19,339,000. UniSuper Management Pty Ltd raised its position in shares of American Healthcare REIT by 133.0% during the fourth quarter. UniSuper Management Pty Ltd now owns 42,400 shares of the company’s stock valued at $1,205,000 after buying an additional 24,200 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of American Healthcare REIT by 45.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,336,225 shares of the company’s stock valued at $37,976,000 after buying an additional 418,589 shares during the period. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AHR. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Citigroup reaffirmed an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp lowered their price target on shares of American Healthcare REIT from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Morgan Stanley raised their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Buy” and a consensus price target of $33.33.

View Our Latest Analysis on AHR

American Healthcare REIT Stock Down 1.0 %

AHR opened at $30.49 on Friday. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $31.61. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of -63.51, a PEG ratio of 1.57 and a beta of 1.42. The firm’s 50-day simple moving average is $29.18 and its 200-day simple moving average is $27.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

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. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

About American Healthcare REIT

(Free Report)

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.

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