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

Alyeska Investment Group L.P. lessened its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 78.5% in the 4th quarter, according to its most recent 13F 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 quarter. Alyeska Investment Group L.P. owned 0.47% of American Healthcare REIT worth $20,394,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Northern Trust Corp grew its stake in American Healthcare REIT by 99.0% during the 4th quarter. Northern Trust Corp now owns 1,732,882 shares of the company's stock worth $49,249,000 after buying an additional 861,882 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of American Healthcare REIT by 118.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 48,586 shares of the company's stock worth $1,381,000 after acquiring an additional 26,378 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of American Healthcare REIT during the fourth quarter valued at about $672,000. Boothbay Fund Management LLC boosted its stake in American Healthcare REIT by 2.9% in the 4th quarter. Boothbay Fund Management LLC now owns 292,242 shares of the company's stock worth $8,306,000 after purchasing an additional 8,149 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in American Healthcare REIT during the 4th quarter worth approximately $7,719,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 0.4 %

AHR traded up $0.13 on Wednesday, hitting $32.66. The company had a trading volume of 1,715,296 shares, compared to its average volume of 1,799,837. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $33.17. The firm has a market cap of $5.15 billion, a P/E ratio of -68.04, a PEG ratio of 1.57 and a beta of 1.40. The company's fifty day moving average price is $30.03 and its 200 day moving average price is $28.62. 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. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.

Analyst Ratings Changes

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