American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,303,759 shares of the company's stock after selling 128,481 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.85% of American Healthcare REIT worth $37,053,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Richardson Capital Management LLC purchased a new stake in American Healthcare REIT in the 4th quarter valued at $29,000. Fifth Third Bancorp purchased a new stake in American Healthcare REIT in the 4th quarter valued at $39,000. Indiana Trust & Investment Management Co acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $57,000. Assetmark Inc. lifted its stake in shares of American Healthcare REIT by 330.8% in the 4th quarter. Assetmark Inc. now owns 2,615 shares of the company's stock valued at $74,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in shares of American Healthcare REIT in the 4th quarter valued at $86,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Up 1.3%

NYSE:AHR traded up $0.46 on Tuesday, hitting $34.79. 179,874 shares of the stock were exchanged, compared to its average volume of 1,685,292. The stock has a market cap of $5.55 billion, a PE ratio of -72.41, a PEG ratio of 1.57 and a beta of 1.40. 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 has a fifty day moving average of $31.40 and a 200-day moving average of $29.48. American Healthcare REIT, Inc. has a fifty-two week low of $13.89 and a fifty-two week high of $35.97.

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 for the quarter, topping the consensus estimate of $0.37 by $0.01. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio is currently -370.37%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group started coverage on American Healthcare REIT in a research note on Monday, April 28th. They issued a "buy" rating and a $37.00 price target on the stock. Morgan Stanley increased their target price on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. KeyCorp reduced their price target on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $34.00 price target on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Finally, JMP Securities set a $35.00 price target on American Healthcare REIT in a research report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $35.00.

About American Healthcare REIT

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.