Atom Investors LP Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Atom Investors LP purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 78,187 shares of the company's stock, valued at approximately $2,041,000. Atom Investors LP owned approximately 0.06% of American Healthcare REIT at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares in the last quarter. FMR LLC purchased a new position in shares of American Healthcare REIT in the third quarter worth $56,575,000. Commonwealth Equity Services LLC boosted its position in shares of American Healthcare REIT by 6,875.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock worth $41,902,000 after acquiring an additional 1,582,426 shares during the last quarter. Vanguard Group Inc. purchased a new position in American Healthcare REIT during the first quarter valued at $16,205,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock valued at $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Stock Performance

AHR stock traded down $0.39 during mid-day trading on Tuesday, reaching $28.57. 505,097 shares of the stock traded hands, compared to its average volume of 1,515,176. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $20.57.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $474.26 million. The firm's revenue was up 12.8% on a year-over-year basis. As a group, analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. American Healthcare REIT's payout ratio is -208.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America raised their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. KeyCorp lifted their price objective on 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 increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.13.

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.