Employees Retirement System of Texas Takes $3.84 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

Employees Retirement System of Texas acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 135,000 shares of the company's stock, valued at approximately $3,837,000. Employees Retirement System of Texas owned approximately 0.09% of American Healthcare REIT at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AHR. Richardson Capital Management LLC acquired a new position in American Healthcare REIT in the fourth quarter worth $29,000. Fifth Third Bancorp acquired a new stake in shares of American Healthcare REIT during the fourth quarter worth $39,000. Indiana Trust & Investment Management Co bought a new position in shares of American Healthcare REIT in the 4th quarter worth about $57,000. Assetmark Inc. boosted its holdings in shares of American Healthcare REIT by 330.8% in the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company's stock valued at $74,000 after buying an additional 2,008 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at about $78,000. Institutional investors own 16.68% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. KeyCorp dropped their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. JMP Securities set a $35.00 target price on American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley increased their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has an average rating of "Buy" and an average price target of $35.00.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded up $0.15 during trading hours on Friday, hitting $34.99. The stock had a trading volume of 2,615,133 shares, compared to its average volume of 1,862,984. The stock's fifty day simple moving average is $31.70 and its 200 day simple moving average is $29.61. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of -72.90, a PEG ratio of 1.57 and a beta of 1.40. 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, Inc. has a 1-year low of $14.07 and a 1-year high of $35.97.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $540.60 million for the quarter, compared to analysts' expectations of $542.32 million. During the same period last year, the firm earned $0.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

About American Healthcare REIT

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.