Teacher Retirement System of Texas Acquires 110,309 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Teacher Retirement System of Texas increased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 276.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,214 shares of the company's stock after purchasing an additional 110,309 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of American Healthcare REIT worth $4,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AHR. GAMMA Investing LLC boosted its holdings in American Healthcare REIT by 104.1% during the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after purchasing an additional 504 shares during the last quarter. Richardson Capital Management LLC acquired a new position in shares of American Healthcare REIT during the 4th quarter worth about $29,000. Carolina Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $28,000. Finally, Quarry LP bought a new stake in American Healthcare REIT during the third quarter worth about $33,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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American Healthcare REIT Stock Performance

Shares of AHR stock traded up $0.47 during midday trading on Friday, hitting $30.40. 1,894,559 shares of the company were exchanged, compared to its average volume of 1,707,386. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $30.97. The firm has a market capitalization of $4.79 billion and a P/E ratio of -63.32. The firm's 50 day moving average price is $28.94 and its two-hundred day moving average price is $27.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date 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.