Dark Forest Capital Management LP Sells 66,709 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Dark Forest Capital Management LP decreased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 90.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,345 shares of the company's stock after selling 66,709 shares during the period. Dark Forest Capital Management LP's holdings in American Healthcare REIT were worth $209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in American Healthcare REIT by 94.8% during 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. increased its position in shares of American Healthcare REIT by 54.1% in the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after acquiring an additional 3,330,714 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in American Healthcare REIT during the fourth quarter worth about $33,838,000. Geode Capital Management LLC grew its stake in American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after purchasing an additional 1,172,670 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of American Healthcare REIT during the 4th quarter worth approximately $19,339,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

NYSE:AHR traded down $0.23 during mid-day trading on Monday, reaching $32.32. The stock had a trading volume of 152,445 shares, compared to its average volume of 1,788,866. The stock has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $28.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $32.59. The stock has a market capitalization of $5.09 billion, a PE ratio of -67.33, a P/E/G ratio of 1.57 and a beta of 1.40.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.09%. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Analysts Set New Price Targets

Several research firms have issued reports on AHR. JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Jefferies Financial Group assumed coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 price target for the company. Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp dropped their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Morgan Stanley increased 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 report on Tuesday, March 25th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of "Buy" and a consensus 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.