Arizona State Retirement System Raises Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Arizona State Retirement System lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 121.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,049 shares of the company's stock after purchasing an additional 24,138 shares during the quarter. Arizona State Retirement System's holdings in American Healthcare REIT were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 purchasing an additional 504 shares in the last quarter. Richardson Capital Management LLC purchased a new position in American Healthcare REIT during the fourth quarter valued at $29,000. Carolina Wealth Advisors LLC purchased a new stake in shares of American Healthcare REIT in the fourth quarter worth $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of American Healthcare REIT in the third quarter worth $28,000. Finally, Quarry LP purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth about $33,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AHR has been the subject of a number of research analyst reports. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, December 30th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Truist Financial boosted their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Buy" and an average target price of $28.43.

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American Healthcare REIT Price Performance

AHR traded up $0.32 during trading hours on Thursday, hitting $28.92. The company's stock had a trading volume of 1,738,110 shares, compared to its average volume of 1,623,668. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $30.97. The stock has a market cap of $4.56 billion and a price-to-earnings ratio of -60.26. The business's 50-day moving average price is $28.52 and its 200-day moving average price is $26.88. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The business 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 annualized dividend and a yield of 3.46%. American Healthcare REIT's payout ratio is currently -370.37%.

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.