Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Position in American Healthcare REIT, Inc. (NYSE:AHR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 243.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,089 shares of the company’s stock after buying an additional 34,779 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Healthcare REIT were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT during the 3rd quarter worth about $28,000. GAMMA Investing LLC increased its stake in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth about $29,000. Richardson Capital Management LLC purchased a new position in shares of American Healthcare REIT in the fourth quarter valued at approximately $29,000. Finally, Quarry LP acquired a new position in shares of 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of “Buy” and an average price target of $32.17.

American Healthcare REIT Trading Down 0.5 %

NYSE:AHR opened at $30.31 on Wednesday. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97. The stock has a market cap of $4.78 billion and a P/E ratio of -63.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50-day simple moving average of $28.88 and a 200-day simple moving average of $27.46.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid 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 3.30%. American Healthcare REIT’s dividend payout ratio is currently -370.37%.

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.