Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 34,779 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 243.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,089 shares of the company's stock after acquiring an additional 34,779 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in American Healthcare REIT were worth $1,395,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of American Healthcare REIT by 276.4% during the fourth quarter. Teacher Retirement System of Texas now owns 150,214 shares of the company's stock valued at $4,269,000 after purchasing an additional 110,309 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of American Healthcare REIT by 89.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 14,756 shares of the company's stock valued at $419,000 after acquiring an additional 6,960 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of American Healthcare REIT by 17.7% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 238,596 shares of the company's stock worth $6,781,000 after acquiring an additional 35,830 shares during the period. Xponance Inc. purchased a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $313,000. Finally, Intech Investment Management LLC lifted its position in American Healthcare REIT by 238.6% during the fourth quarter. Intech Investment Management LLC now owns 43,155 shares of the company's stock valued at $1,226,000 after purchasing an additional 30,409 shares during the period. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

NYSE:AHR traded up $0.47 during trading hours on Friday, hitting $30.40. 1,894,559 shares of the stock traded hands, compared to its average volume of 1,708,690. The stock has a 50 day moving average price of $28.99 and a 200 day moving average price of $27.58. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.79 billion and a price-to-earnings ratio of -63.32. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date is Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AHR. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Morgan Stanley boosted their price target on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $32.17.

American Healthcare REIT Company 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.