State of Alaska Department of Revenue Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

State of Alaska Department of Revenue lifted its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 101.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,799 shares of the company's stock after buying an additional 36,625 shares during the period. State of Alaska Department of Revenue's holdings in American Healthcare REIT were worth $2,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. State Street Corp raised its holdings in American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock valued at $96,473,000 after acquiring an additional 2,538,177 shares during the period. Geode Capital Management LLC raised its holdings in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock valued at $65,975,000 after acquiring an additional 1,094,296 shares during the period. Finally, FMR LLC bought a new stake in American Healthcare REIT during the 3rd quarter valued at $56,575,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

Wall Street Analyst Weigh In

AHR has been the topic of a number of analyst reports. Truist Financial boosted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, December 30th. Finally, Royal Bank of Canada boosted their target price 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock traded down $0.23 during trading on Friday, hitting $28.18. The stock had a trading volume of 1,000,228 shares, compared to its average volume of 1,136,437. The firm has a market cap of $4.31 billion and a price-to-earnings ratio of -58.70. American Healthcare REIT, Inc. has a 12 month low of $12.81 and a 12 month high of $29.99. The business's 50-day moving average is $28.26 and its 200 day moving average is $25.49. 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 (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.55%. American Healthcare REIT's dividend payout ratio is presently -208.33%.

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.