Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in American Healthcare REIT, Inc. (NYSE:AHR) by 243.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,089 shares of the company’s stock after buying an additional 34,779 shares during the period. 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.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after purchasing an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock valued at $347,831,000 after acquiring an additional 2,750,137 shares in the last quarter. State Street Corp boosted its stake in shares of American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after acquiring an additional 2,538,177 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after purchasing an additional 1,094,296 shares in the last quarter. Finally, FMR LLC acquired a new position in American Healthcare REIT in the 3rd quarter valued at $56,575,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.5 %

Shares of American Healthcare REIT stock opened at $30.31 on Wednesday. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market capitalization of $4.78 billion and a price-to-earnings ratio of -63.15. The stock has a 50 day moving average of $28.88 and a 200 day moving average of $27.46.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Monday, March 31st. American Healthcare REIT’s payout ratio is -370.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.