Teacher Retirement System of Texas Decreases Position in American Healthcare REIT, Inc. $AHR

Teacher Retirement System of Texas cut its position in American Healthcare REIT, Inc. (NYSE:AHR) by 23.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,354 shares of the company’s stock after selling 19,492 shares during the period. Teacher Retirement System of Texas’ holdings in American Healthcare REIT were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. bought a new position in American Healthcare REIT in the 3rd quarter worth approximately $105,000. Wealth Enhancement Advisory Services LLC grew its holdings in American Healthcare REIT by 61.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,359 shares of the company’s stock valued at $1,944,000 after buying an additional 18,059 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in shares of American Healthcare REIT by 72.5% in the third quarter. Beacon Financial Advisory LLC now owns 10,788 shares of the company’s stock valued at $453,000 after acquiring an additional 4,534 shares during the period. Sequoia Financial Advisors LLC increased its holdings in American Healthcare REIT by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,273 shares of the company’s stock worth $684,000 after acquiring an additional 490 shares during the period. Finally, Octavia Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter valued at $386,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Healthcare REIT

In other news, Director Jeffrey T. Hanson sold 35,570 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $48.38, for a total transaction of $1,720,876.60. Following the transaction, the director directly owned 19,208 shares of the company’s stock, valued at approximately $929,283.04. The trade was a 64.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark E. Foster sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $49.35, for a total value of $74,025.00. Following the completion of the transaction, the executive vice president owned 57,600 shares of the company’s stock, valued at approximately $2,842,560. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 76,288 shares of company stock worth $3,718,666. 0.92% of the stock is owned by company insiders.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $47.23 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44. American Healthcare REIT, Inc. has a 52-week low of $26.48 and a 52-week high of $51.01. The company has a fifty day moving average of $48.08 and a 200-day moving average of $44.32. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 337.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is 714.29%.

Analyst Upgrades and Downgrades

AHR has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of American Healthcare REIT in a report on Monday, December 15th. BMO Capital Markets started coverage on shares of American Healthcare REIT in a research report on Thursday. They set an “outperform” rating and a $55.00 price objective on the stock. Citigroup upped their target price on shares of American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. JMP Securities increased their target price on American Healthcare REIT from $45.00 to $50.00 and gave the company a “market outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Healthcare REIT in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.83.

American Healthcare REIT Profile

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare?related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long?term net lease or triple?net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high?growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.