Lifestyle Asset Management Inc. Sells 11,022 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Lifestyle Asset Management Inc. lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 49.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,286 shares of the company's stock after selling 11,022 shares during the period. Lifestyle Asset Management Inc.'s holdings in American Healthcare REIT were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its stake in American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after acquiring an additional 2,747,960 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 valued at $247,654,000 after buying an additional 3,330,714 shares during the last quarter. State Street Corp boosted its stake in shares of American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after buying an additional 2,538,177 shares during the last quarter. Geode Capital Management LLC lifted its holdings in American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after acquiring an additional 1,094,296 shares during the period. Finally, FMR LLC purchased a new position in American Healthcare REIT in the third quarter worth $56,575,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Performance

Shares of NYSE:AHR traded up $0.20 during trading on Friday, hitting $28.91. 782,225 shares of the company were exchanged, compared to its average volume of 1,112,808. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99. The stock has a 50 day moving average of $28.29 and a 200 day moving average of $24.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $4.42 billion and a PE ratio of -60.22.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (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 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%. American Healthcare REIT's revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is presently -208.33%.

Analyst Ratings Changes

A number of research firms have recently commented on AHR. Truist Financial lifted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a research note on Monday, December 30th. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Finally, Royal Bank of Canada increased their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

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.