Millennium Management LLC Reduces Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Millennium Management LLC cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,209,424 shares of the company's stock after selling 1,450,351 shares during the quarter. Millennium Management LLC owned approximately 0.79% of American Healthcare REIT worth $34,372,000 at the end of the most recent quarter.

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

American Healthcare REIT Trading Up 1.0%

NYSE:AHR traded up $0.35 during trading hours on Friday, reaching $34.33. 1,363,511 shares of the company were exchanged, compared to its average volume of 1,860,206. The stock has a 50 day simple moving average of $31.32 and a 200 day simple moving average of $29.40. American Healthcare REIT, Inc. has a 52-week low of $13.89 and a 52-week high of $35.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of -71.51, a PEG ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $542.32 million. During the same quarter last year, the firm posted $0.30 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio is presently -370.37%.

Analyst Ratings Changes

A number of analysts recently issued reports on AHR shares. Morgan Stanley raised their target price on shares of American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday. Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. KeyCorp cut their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price target on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $35.00.

American Healthcare REIT Company 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.