Goldentree Asset Management LP Has $10.71 Million Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Goldentree Asset Management LP reduced its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 68.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 411,245 shares of the company’s stock after selling 888,755 shares during the quarter. American Healthcare REIT makes up about 0.9% of Goldentree Asset Management LP’s portfolio, making the stock its 29th largest position. Goldentree Asset Management LP’s holdings in American Healthcare REIT were worth $10,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock valued at $66,000 after acquiring an additional 654 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the 3rd quarter worth $28,000. Tidemark LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $44,000. Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth $48,000. Finally, KBC Group NV bought a new stake in American Healthcare REIT in the third quarter valued at about $51,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AHR. Morgan Stanley boosted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Royal Bank of Canada upped their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Bank of America boosted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.13.

American Healthcare REIT Stock Up 0.7 %

Shares of NYSE AHR opened at $29.57 on Friday. The company has a fifty day moving average price of $26.20 and a 200 day moving average price of $20.27. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.81. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts expect that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

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.