Teacher Retirement System of Texas Lowers Position in American Healthcare REIT, Inc. (NYSE:AHR)

Teacher Retirement System of Texas reduced its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 39.6% during the first quarter, according to its most recent 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 quarter. Teacher Retirement System of Texas owned 0.06% of American Healthcare REIT worth $2,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of American Healthcare REIT by 42.2% during the 1st quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $43,000 after purchasing an additional 417 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of American Healthcare REIT by 3.4% during the 4th quarter. Benjamin Edwards Inc. now owns 13,924 shares of the company's stock valued at $396,000 after purchasing an additional 455 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of American Healthcare REIT by 8.1% during the 1st quarter. Pure Financial Advisors LLC now owns 9,245 shares of the company's stock valued at $280,000 after purchasing an additional 690 shares during the last quarter. Finally, Zacks Investment Management increased its position in shares of American Healthcare REIT by 1.8% during the 4th quarter. Zacks Investment Management now owns 44,044 shares of the company's stock valued at $1,252,000 after purchasing an additional 774 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AHR. Royal Bank Of Canada restated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a report on Wednesday, March 19th. Jefferies Financial Group began coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. KeyCorp lifted their price target on American Healthcare REIT from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Truist Financial lifted 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. Finally, Scotiabank began coverage on American Healthcare REIT in a research note on Monday, June 30th. They issued a "sector outperform" rating and a $42.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $37.75.

American Healthcare REIT Trading Up 1.1%

NYSE AHR traded up $0.41 on Friday, hitting $36.62. The company's stock had a trading volume of 1,423,634 shares, compared to its average volume of 1,904,625. American Healthcare REIT, Inc. has a 52-week low of $14.79 and a 52-week high of $37.53. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.45. The company's 50-day simple moving average is $35.25 and its 200 day simple moving average is $31.28. The firm has a market cap of $5.84 billion, a P/E ratio of -135.62, a PEG ratio of 2.06 and a beta of 1.09.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $542.32 million. During the same quarter last year, the business posted $0.30 EPS. The business's revenue was up 8.2% on a year-over-year basis. Research analysts predict 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. Stockholders of record on Monday, June 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, June 30th. American Healthcare REIT's payout ratio is presently -370.37%.

Insider Activity at American Healthcare REIT

In other news, CIO Stefan K.L. Oh sold 3,860 shares of the firm'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 owned 95,671 shares in the company, valued at $3,453,723.10. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

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.