American Healthcare REIT, Inc. (NYSE:AHR) Stock Position Lowered by Sandia Investment Management LP

Sandia Investment Management LP lessened its position in American Healthcare REIT, Inc. (NYSE:AHR) by 50.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,500 shares of the company’s stock after selling 2,500 shares during the quarter. Sandia Investment Management LP’s holdings in American Healthcare REIT were worth $71,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Richardson Capital Management LLC purchased a new stake in shares of American Healthcare REIT in the 4th quarter valued at approximately $29,000. Decker Retirement Planning Inc. acquired a new position in American Healthcare REIT in the 4th quarter valued at approximately $37,000. Fifth Third Bancorp acquired a new position in American Healthcare REIT in the 4th quarter valued at approximately $39,000. Indiana Trust & Investment Management Co acquired a new position in American Healthcare REIT in the 4th quarter valued at approximately $57,000. Finally, Assetmark Inc. increased its stake in 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 buying an additional 2,008 shares during the period. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Performance

Shares of AHR opened at $35.49 on Friday. American Healthcare REIT, Inc. has a 12 month low of $13.67 and a 12 month high of $35.51. The company’s fifty day moving average is $30.78 and its 200-day moving average is $29.08. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of -73.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40.

American Healthcare REIT (NYSE:AHR) last posted 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. 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 analyst estimates of $542.32 million. During the same period last year, the business posted $0.30 EPS. American Healthcare REIT’s revenue was up 8.2% compared to the same quarter last year. Equities analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 2.82%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -370.37%.

Analysts Set New Price Targets

Several research analysts have weighed in on AHR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. KeyCorp dropped their price objective 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. JMP Securities set a $35.00 price objective on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Jefferies Financial Group assumed coverage on shares of American Healthcare REIT in a research note on Monday, April 28th. They set a “buy” rating and a $37.00 price target on the stock. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Buy” and an average target price of $33.86.

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.