State of New Jersey Common Pension Fund D lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 57.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,000 shares of the company's stock after purchasing an additional 48,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of American Healthcare REIT worth $3,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock valued at $66,000 after buying an additional 654 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of American Healthcare REIT during the third quarter worth about $28,000. Kessler Investment Group LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $48,000. Kiely Wealth Advisory Group Inc. acquired a new position in American Healthcare REIT during the 2nd quarter worth $30,000. Finally, Creekmur Asset Management LLC bought a new stake in American Healthcare REIT during the third quarter worth approximately $54,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.
American Healthcare REIT Price Performance
Shares of American Healthcare REIT stock traded up $0.89 during mid-day trading on Wednesday, reaching $26.81. 2,346,899 shares of the stock were exchanged, compared to its average volume of 1,454,662. The firm has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $19.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.53 billion and a price-to-earnings ratio of -55.84. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $27.77.
American Healthcare REIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT's dividend payout ratio is -208.33%.
Analyst Ratings Changes
A number of analysts have commented on AHR shares. Truist Financial raised their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Bank of America lifted their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. JMP Securities raised their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. Morgan Stanley increased their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.
View Our Latest Stock Analysis on AHR
American Healthcare REIT Profile
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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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