Millennium Management LLC Cuts 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 fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Richardson Capital Management LLC bought a new stake in American Healthcare REIT in the fourth quarter worth $29,000. Fifth Third Bancorp bought a new stake in American Healthcare REIT during the 4th quarter valued at about $39,000. Indiana Trust & Investment Management Co purchased a new position in American Healthcare REIT in the fourth quarter worth about $57,000. Assetmark Inc. lifted its stake in shares of American Healthcare REIT by 330.8% in the fourth quarter. Assetmark Inc. now owns 2,615 shares of the company's stock worth $74,000 after buying an additional 2,008 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of American Healthcare REIT during the fourth quarter valued at approximately $86,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Trading Up 0.9%

AHR stock traded up $0.31 during midday trading on Friday, reaching $34.29. The company's stock had a trading volume of 903,715 shares, compared to its average volume of 1,849,912. American Healthcare REIT, Inc. has a 1 year low of $13.67 and a 1 year high of $35.97. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of -71.43, a PEG ratio of 1.57 and a beta of 1.40. The stock has a fifty day simple moving average of $31.22 and a two-hundred day simple moving average of $29.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly 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 return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AHR. Jefferies Financial Group started coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target for the company. Morgan Stanley raised their price target on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday. Citigroup restated an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada restated an "outperform" rating and set a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of "Buy" and an average target price of $35.00.

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.