Alyeska Investment Group L.P. Reduces Position in American Healthcare REIT, Inc. (NYSE:AHR)

Alyeska Investment Group L.P. trimmed its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 78.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 717,602 shares of the company's stock after selling 2,619,528 shares during the period. Alyeska Investment Group L.P. owned approximately 0.47% of American Healthcare REIT worth $20,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock worth $436,455,000 after purchasing an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new stake in American Healthcare REIT during the fourth quarter valued at approximately $33,838,000. Geode Capital Management LLC boosted its stake in shares of American Healthcare REIT by 46.4% during the 4th quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock worth $105,171,000 after acquiring an additional 1,172,670 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of American Healthcare REIT by 99.0% during the 4th quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock valued at $49,249,000 after acquiring an additional 861,882 shares during the period. Institutional investors own 16.68% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp lowered their target price on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $33.86.

American Healthcare REIT Price Performance

Shares of AHR traded up $2.73 during mid-day trading on Friday, hitting $34.94. 2,431,093 shares of the stock were exchanged, compared to its average volume of 1,814,925. The firm has a 50-day moving average of $30.20 and a two-hundred day moving average of $28.79. American Healthcare REIT, Inc. has a 52-week low of $13.67 and a 52-week high of $35.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $5.51 billion, a PE ratio of -72.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. During the same quarter last year, the business earned $0.30 earnings per share. American Healthcare REIT's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.86%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

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.