New York State Common Retirement Fund Purchases 12,900 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

New York State Common Retirement Fund increased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 37.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,000 shares of the company's stock after buying an additional 12,900 shares during the quarter. New York State Common Retirement Fund's holdings in American Healthcare REIT were worth $1,424,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock worth $43,000 after buying an additional 417 shares during the period. Benjamin Edwards Inc. raised its stake in American Healthcare REIT by 3.4% during the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock worth $396,000 after buying an additional 455 shares during the period. Xponance Inc. raised its stake in American Healthcare REIT by 4.3% during the 1st quarter. Xponance Inc. now owns 11,489 shares of the company's stock worth $348,000 after buying an additional 470 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after buying an additional 633 shares during the period. Finally, Mutual Advisors LLC raised its stake in American Healthcare REIT by 6.4% during the 1st quarter. Mutual Advisors LLC now owns 10,603 shares of the company's stock worth $330,000 after buying an additional 640 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AHR has been the topic of a number of research reports. Morgan Stanley upped their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Baird R W raised American Healthcare REIT to a "strong-buy" rating in a research note on Thursday, July 17th. Truist Financial upped their price target on American Healthcare REIT from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. KeyCorp boosted their price objective on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Scotiabank started coverage on American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus price target of $38.11.

American Healthcare REIT Stock Down 1.0%

AHR traded down $0.38 during midday trading on Monday, reaching $36.97. 937,749 shares of the company were exchanged, compared to its average volume of 1,070,448. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -136.92, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The company's fifty day moving average price is $36.03 and its 200 day moving average price is $32.01. American Healthcare REIT, Inc. has a one year low of $14.79 and a one year high of $38.47.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative return on equity of 1.85% and a negative net margin of 1.96%. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, June 30th. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Insider Activity

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $36.10, for a total value of $139,346.00. Following the completion of the transaction, the executive directly owned 95,671 shares of the company's stock, valued at $3,453,723.10. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.