American Healthcare REIT, Inc. (NYSE:AHR) Stake Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,703 shares of the company's stock after purchasing an additional 84,703 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.14% of American Healthcare REIT worth $6,159,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in American Healthcare REIT in the third quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock valued at $28,000 after purchasing an additional 504 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in American Healthcare REIT in the fourth quarter valued at approximately $29,000. Quarry LP purchased a new stake in American Healthcare REIT in the third quarter valued at approximately $33,000. Finally, Decker Retirement Planning Inc. acquired a new position in American Healthcare REIT during the fourth quarter valued at approximately $37,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Down 2.0 %

Shares of NYSE AHR traded down $0.56 during trading on Friday, reaching $27.32. 1,507,505 shares of the stock were exchanged, compared to its average volume of 1,264,789. The business's 50-day moving average price is $28.22 and its 200 day moving average price is $25.90. American Healthcare REIT, Inc. has a twelve month low of $12.81 and a twelve month high of $29.99. 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 capitalization of $4.18 billion and a price-to-earnings ratio of -56.91.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. American Healthcare REIT's payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, December 30th. Finally, Truist Financial lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $26.00.

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.