State of New Jersey Common Pension Fund D Has $6.16 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

State of New Jersey Common Pension Fund D grew its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 64.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,703 shares of the company’s stock after purchasing an additional 84,703 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Healthcare REIT were worth $6,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after purchasing an additional 1,034,365 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock valued at $2,456,000 after purchasing an additional 41,755 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at approximately $568,000. Swiss National Bank boosted its stake in shares of American Healthcare REIT by 126.6% in the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after purchasing an additional 162,800 shares in the last quarter. Finally, Hilton Capital Management LLC acquired a new stake in American Healthcare REIT during the 3rd quarter worth approximately $4,777,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Down 0.4 %

American Healthcare REIT stock opened at $28.03 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $29.99. The firm has a 50 day moving average price of $28.26 and a two-hundred day moving average price of $25.64. The firm has a market cap of $4.29 billion and a price-to-earnings ratio of -58.39.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.57%. American Healthcare REIT’s payout ratio is -208.33%.

Analysts Set New Price Targets

Several research firms recently commented on AHR. Royal Bank of Canada lifted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, December 30th. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

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.