Teachers Retirement System of The State of Kentucky Increases Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Teachers Retirement System of The State of Kentucky grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,715 shares of the company's stock after buying an additional 29,792 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.05% of American Healthcare REIT worth $2,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversify Advisory Services LLC increased its position in shares of American Healthcare REIT by 1.3% during the 4th quarter. Diversify Advisory Services LLC now owns 35,070 shares of the company's stock valued at $955,000 after purchasing an additional 436 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of American Healthcare REIT by 104.1% during the 4th quarter. GAMMA Investing LLC now owns 988 shares of the company's stock worth $28,000 after acquiring an additional 504 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of American Healthcare REIT by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,915 shares of the company's stock worth $395,000 after acquiring an additional 533 shares during the last quarter. IFP Advisors Inc grew its position in shares of American Healthcare REIT by 14.4% during the 4th quarter. IFP Advisors Inc now owns 4,683 shares of the company's stock valued at $134,000 after acquiring an additional 591 shares during the period. Finally, Fiduciary Alliance LLC increased its stake in shares of American Healthcare REIT by 8.0% in the 4th quarter. Fiduciary Alliance LLC now owns 10,170 shares of the company's stock worth $289,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Performance

Shares of AHR traded down $0.68 during mid-day trading on Thursday, hitting $31.60. 455,609 shares of the company's stock were exchanged, compared to its average volume of 1,778,589. The firm has a market capitalization of $4.98 billion, a P/E ratio of -66.02, a P/E/G ratio of 1.57 and a beta of 1.42. American Healthcare REIT, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $33.51. The business's 50 day moving average is $29.77 and its two-hundred day moving average is $28.40. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AHR. Morgan Stanley lifted their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a report on Monday. They set a "buy" rating and a $37.00 price target on the stock. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT presently has an average rating of "Buy" and a consensus price target of $33.86.

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.