Lifestyle Asset Management Inc. Has $321,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Lifestyle Asset Management Inc. cut its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 49.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,286 shares of the company’s stock after selling 11,022 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in American Healthcare REIT were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D acquired a new stake in American Healthcare REIT in the 2nd quarter valued at about $1,227,000. Renaissance Technologies LLC acquired a new stake in shares of American Healthcare REIT in the second quarter valued at approximately $3,821,000. Amalgamated Bank bought a new position in American Healthcare REIT in the 2nd quarter worth approximately $33,000. Thrivent Financial for Lutherans acquired a new position in American Healthcare REIT during the 2nd quarter worth $1,202,000. Finally, The Manufacturers Life Insurance Company bought a new position in American Healthcare REIT in the 2nd quarter valued at $352,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 1.6 %

Shares of NYSE AHR opened at $28.69 on Friday. The firm has a 50 day moving average price of $28.21 and a 200 day moving average price of $24.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $4.39 billion and a P/E ratio of -59.78. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99.

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 analysts’ consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million during the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts expect that American Healthcare REIT, Inc. will post 1.41 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AHR shares. Royal Bank of Canada boosted their target price 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. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, December 30th. Finally, Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

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.