State of New Jersey Common Pension Fund D Purchases 84,703 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

State of New Jersey Common Pension Fund D boosted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 64.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,703 shares of the company’s stock after acquiring an additional 84,703 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.14% of American Healthcare REIT worth $6,159,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AHR. Wilmington Savings Fund Society FSB bought a new position in shares of American Healthcare REIT in the third quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the fourth quarter valued at about $29,000. Quarry LP bought a new position in shares of American Healthcare REIT in the third quarter valued at about $33,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of American Healthcare REIT in the fourth quarter valued at about $37,000. 16.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Royal Bank of Canada raised their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Truist Financial raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

American Healthcare REIT Trading Down 0.4 %

Shares of American Healthcare REIT stock opened at $28.03 on Wednesday. The company has a market capitalization of $4.29 billion and a price-to-earnings ratio of -58.39. 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 12-month low of $12.81 and a 12-month high of $29.99. The firm’s 50-day moving average price is $28.26 and its two-hundred day moving average price is $25.64.

American Healthcare REIT Announces Dividend

The company also recently disclosed 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 3.57%. American Healthcare REIT’s payout ratio is -208.33%.

About American Healthcare REIT

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.