American Healthcare REIT, Inc. (NYSE:AHR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 276.4% in the fourth quarter, Holdings Channel reports. The firm owned 150,214 shares of the company’s stock after buying an additional 110,309 shares during the period. Teacher Retirement System of Texas’ holdings in American Healthcare REIT were worth $4,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in American Healthcare REIT during the third quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of American Healthcare REIT by 104.1% in 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 shares of American Healthcare REIT during the 4th quarter worth approximately $29,000. Richardson Capital Management LLC acquired a new stake in American Healthcare REIT in the 4th quarter valued at approximately $29,000. Finally, Quarry LP purchased a new stake in American Healthcare REIT in the third quarter valued at approximately $33,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

AHR stock opened at $30.47 on Tuesday. The business’s 50-day moving average is $28.82 and its two-hundred day moving average is $27.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $4.80 billion and a P/E ratio of -63.48. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97.

American Healthcare REIT Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 3.28%. American Healthcare REIT’s dividend payout ratio (DPR) is -370.37%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AHR. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $30.83.

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.