Verition Fund Management LLC Grows Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Verition Fund Management LLC lifted its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 56.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,914 shares of the company’s stock after purchasing an additional 86,230 shares during the period. Verition Fund Management LLC owned 0.18% of American Healthcare REIT worth $6,210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AHR. Kozak & Associates Inc. purchased a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of American Healthcare REIT during the second quarter valued at approximately $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT in the second quarter worth $33,000. Tidemark LLC bought a new stake in American Healthcare REIT in the third quarter valued at $44,000. Finally, Semmax Financial Advisors Inc. purchased a new position in American Healthcare REIT during the 2nd quarter valued at $45,000. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Truist Financial increased their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Stock Down 2.9 %

Shares of NYSE:AHR opened at $28.96 on Tuesday. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The stock has a market capitalization of $4.43 billion and a price-to-earnings ratio of -60.33. The stock has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $20.57. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm’s revenue was up 12.8% on a year-over-year basis. On average, research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

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.