Entropy Technologies LP Acquires New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

Entropy Technologies LP acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 52,234 shares of the company's stock, valued at approximately $1,363,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC purchased a new stake in American Healthcare REIT during the first quarter valued at about $63,269,000. Principal Financial Group Inc. boosted its holdings in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after acquiring an additional 3,330,714 shares during the period. V3 Capital Management L.P. purchased a new stake in American Healthcare REIT during the 1st quarter valued at about $42,337,000. Commonwealth Equity Services LLC grew its position in American Healthcare REIT by 6,875.6% during the 3rd 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. Finally, Goldentree Asset Management LP purchased a new position in American Healthcare REIT in the 1st quarter worth approximately $22,125,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Down 2.1 %

AHR stock traded down $0.55 during midday trading on Thursday, hitting $26.25. The stock had a trading volume of 1,900,659 shares, compared to its average volume of 1,456,949. The business has a 50-day moving average of $25.16 and a two-hundred day moving average of $19.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $3.46 billion and a price-to-earnings ratio of -54.63. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $27.77.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The business had revenue of $523.81 million during 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, equities research analysts forecast that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current fiscal year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.81%. American Healthcare REIT's payout ratio is -208.33%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Morgan Stanley upped their price objective 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. JMP Securities boosted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a report on Friday, September 20th. Finally, Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, American Healthcare REIT currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.