Public Employees Retirement Association of Colorado Purchases Shares of 23,645 American Healthcare REIT, Inc. (NYSE:AHR)

Public Employees Retirement Association of Colorado purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,645 shares of the company's stock, valued at approximately $672,000.

A number of other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in American Healthcare REIT by 135.5% in the 3rd quarter. Barclays PLC now owns 178,316 shares of the company's stock worth $4,654,000 after purchasing an additional 102,588 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of American Healthcare REIT in the third quarter worth about $55,000. SOA Wealth Advisors LLC. bought a new position in American Healthcare REIT during the third quarter valued at approximately $45,000. World Investment Advisors LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at approximately $946,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded up $0.50 during trading on Wednesday, reaching $33.03. 127,495 shares of the company traded hands, compared to its average volume of 1,789,215. American Healthcare REIT, Inc. has a 12-month low of $13.67 and a 12-month high of $33.09. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm's fifty day simple moving average is $30.03 and its 200 day simple moving average is $28.62. The stock has a market cap of $5.20 billion, a P/E ratio of -68.89, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. American Healthcare REIT's dividend payout ratio (DPR) is -370.37%.

Analyst Ratings Changes

A number of research analysts recently commented on AHR shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Morgan Stanley lifted 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, March 25th. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $33.86.

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.