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

Verition Fund Management LLC grew its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 56.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,914 shares of the company’s stock after buying an additional 86,230 shares during the quarter. Verition Fund Management LLC’s holdings in American Healthcare REIT were worth $6,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in American Healthcare REIT during the second quarter valued at approximately $3,317,000. Foundations Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the 3rd quarter valued at $568,000. Swiss National Bank increased its stake in shares of American Healthcare REIT by 126.6% in the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock worth $7,606,000 after purchasing an additional 162,800 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $49,798,000 after purchasing an additional 1,034,365 shares during the period. Finally, Hilton Capital Management LLC purchased a new position in American Healthcare REIT during the third quarter valued at $4,777,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Price Performance

Shares of NYSE:AHR opened at $28.96 on Tuesday. The firm has a market cap of $4.43 billion and a price-to-earnings ratio of -60.33. The firm has a fifty day moving average price of $26.34 and a 200 day moving average price of $20.57. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio is -208.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AHR. Royal Bank of Canada upped their price target 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. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. KeyCorp lifted their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Bank of America increased their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.13.

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.