Employees Retirement System of Texas Acquires Shares of 135,000 American Healthcare REIT, Inc. (NYSE:AHR)

Employees Retirement System of Texas acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 135,000 shares of the company's stock, valued at approximately $3,837,000. Employees Retirement System of Texas owned about 0.09% of American Healthcare REIT at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of American Healthcare REIT by 94.8% during the 4th quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. lifted its position in American Healthcare REIT by 29.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock valued at $347,831,000 after purchasing an additional 2,750,137 shares in the last quarter. Geode Capital Management LLC lifted its position in American Healthcare REIT by 46.4% during the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after purchasing an additional 1,172,670 shares in the last quarter. State Street Corp grew its holdings in American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after purchasing an additional 2,538,177 shares during the period. Finally, Prudential Financial Inc. increased its position in American Healthcare REIT by 13.6% in the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after buying an additional 422,869 shares in the last quarter. 16.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AHR shares. KeyCorp cut their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Morgan Stanley increased their price target on American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $33.33.

American Healthcare REIT Price Performance

NYSE AHR traded up $0.34 on Friday, reaching $29.30. The company had a trading volume of 1,360,022 shares, compared to its average volume of 1,754,335. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $31.61. 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 firm's 50 day moving average price is $29.11 and its 200 day moving average price is $27.93. The stock has a market capitalization of $4.62 billion, a PE ratio of -61.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

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.