Jane Street Group LLC Sells 1,096,218 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Jane Street Group LLC reduced its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 97.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,266 shares of the company's stock after selling 1,096,218 shares during the quarter. Jane Street Group LLC's holdings in American Healthcare REIT were worth $832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AHR. Richardson Capital Management LLC bought a new position in shares of American Healthcare REIT during the 4th quarter valued at approximately $29,000. Fifth Third Bancorp bought a new position in shares of American Healthcare REIT during the 4th quarter valued at approximately $39,000. Indiana Trust & Investment Management Co bought a new position in shares of American Healthcare REIT during the 4th quarter valued at approximately $57,000. Assetmark Inc. boosted its position in shares of American Healthcare REIT by 330.8% during the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company's stock valued at $74,000 after acquiring an additional 2,008 shares during the last quarter. Finally, Promus Capital LLC bought a new position in shares of American Healthcare REIT during the 4th quarter valued at approximately $86,000. 16.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of analyst reports. JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. KeyCorp lowered their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Finally, Morgan Stanley raised their price target on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $35.00.

American Healthcare REIT Trading Up 0.3%

Shares of AHR traded up $0.12 during trading hours on Thursday, reaching $34.83. 1,177,500 shares of the company traded hands, compared to its average volume of 1,859,973. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of -72.56, a PEG ratio of 1.57 and a beta of 1.40. American Healthcare REIT, Inc. has a 12-month low of $14.07 and a 12-month high of $35.97. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $31.70 and its 200 day moving average price is $29.61.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $540.60 million during the quarter, compared to analyst estimates of $542.32 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -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.