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

Goldentree Asset Management LP decreased its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 68.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,245 shares of the company’s stock after selling 888,755 shares during the quarter. American Healthcare REIT comprises approximately 0.9% of Goldentree Asset Management LP’s holdings, making the stock its 29th largest position. Goldentree Asset Management LP owned about 0.31% of American Healthcare REIT worth $10,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHR. Vanguard Group Inc. acquired a new position in shares of American Healthcare REIT during the first quarter valued at about $16,205,000. Virtu Financial LLC acquired a new position in shares of American Healthcare REIT in the first quarter valued at $308,000. Lasalle Investment Management Securities LLC bought a new position in American Healthcare REIT in the first quarter worth $10,643,000. CWM LLC bought a new position in American Healthcare REIT in the second quarter worth $58,000. Finally, Manning & Napier Advisors LLC acquired a new stake in American Healthcare REIT during the second quarter worth $3,317,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 0.7 %

Shares of AHR opened at $29.57 on Friday. The stock has a fifty day moving average price of $26.20 and a two-hundred day moving average price of $20.27. 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, Inc. has a 52-week low of $12.63 and a 52-week high of $29.81.

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

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued 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 of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of analyst reports. JMP Securities raised their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. KeyCorp raised their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their price objective on 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 upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Morgan Stanley increased their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Company 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.