American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 39.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,741 shares of the company's stock after selling 59,473 shares during the period. Teacher Retirement System of Texas owned 0.06% of American Healthcare REIT worth $2,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AHR. GAMMA Investing LLC raised its holdings in shares of American Healthcare REIT by 42.2% in the first 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 last quarter. Benjamin Edwards Inc. raised its holdings in shares of American Healthcare REIT by 3.4% in the fourth 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 last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of American Healthcare REIT by 189.0% in the first 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 last quarter. Pure Financial Advisors LLC raised its holdings in shares of American Healthcare REIT by 8.1% in the first quarter. Pure Financial Advisors LLC now owns 9,245 shares of the company's stock worth $280,000 after buying an additional 690 shares during the last quarter. Finally, Zacks Investment Management raised its holdings in shares of American Healthcare REIT by 1.8% in the fourth quarter. Zacks Investment Management now owns 44,044 shares of the company's stock worth $1,252,000 after buying an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 1.1%

NYSE AHR traded up $0.41 on Friday, reaching $36.62. The stock had a trading volume of 1,423,634 shares, compared to its average volume of 1,899,559. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -135.62, a P/E/G ratio of 2.03 and a beta of 1.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.45. American Healthcare REIT, Inc. has a 12-month low of $14.79 and a 12-month high of $37.53. The stock has a fifty day moving average price of $35.25 and a two-hundred day moving average price of $31.25.

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

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.73%. American Healthcare REIT's payout ratio is currently -370.37%.

Insider Activity at American Healthcare REIT

In related news, CIO Stefan K.L. Oh sold 3,860 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $36.10, for a total transaction of $139,346.00. Following the completion of the transaction, the executive owned 95,671 shares in the company, valued at approximately $3,453,723.10. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Scotiabank started coverage on shares of American Healthcare REIT in a report on Monday, June 30th. They set a "sector outperform" rating and a $42.00 target price for the company. Truist Financial boosted their target price on shares of 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 target on shares of American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus target price of $37.75.

American Healthcare REIT 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.