Voloridge Investment Management LLC Sells 128,481 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Voloridge Investment Management LLC lowered its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,303,759 shares of the company's stock after selling 128,481 shares during the period. Voloridge Investment Management LLC owned approximately 0.85% of American Healthcare REIT worth $37,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AHR. Vanguard Group Inc. increased its position 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 valued at $436,455,000 after acquiring an additional 7,474,374 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Healthcare REIT by 29.0% in the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after buying an additional 2,750,137 shares during the period. Deutsche Bank AG raised its holdings in shares of American Healthcare REIT by 2.3% in the fourth quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after buying an additional 94,925 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 worth $105,171,000 after buying an additional 1,172,670 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of American Healthcare REIT by 13.6% in the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after buying an additional 422,869 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

AHR has been the topic of several research analyst reports. Morgan Stanley upped their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a "buy" rating and a $37.00 target price for the company. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a report on Tuesday, March 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price objective on shares of American Healthcare REIT in a report on Wednesday, March 19th. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of "Buy" and an average price target of $35.00.

American Healthcare REIT Stock Performance

AHR stock opened at $34.19 on Thursday. 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 company has a market capitalization of $5.45 billion, a P/E ratio of -71.23, a PEG ratio of 1.57 and a beta of 1.40. The business has a 50-day moving average price of $31.14 and a 200 day moving average price of $29.25. American Healthcare REIT, Inc. has a 1-year low of $13.67 and a 1-year high of $35.97.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted 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 company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. 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.

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