Carlson Capital Management Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Carlson Capital Management purchased a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,227 shares of the company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. purchased a new stake in shares of American Healthcare REIT during the first quarter valued at $16,205,000. Zimmer Partners LP purchased a new position in shares of American Healthcare REIT in the first quarter worth about $6,269,000. Virtu Financial LLC acquired a new position in shares of American Healthcare REIT during the 1st quarter valued at about $308,000. Goldentree Asset Management LP acquired a new position in American Healthcare REIT in the 1st quarter valued at about $22,125,000. Finally, Lasalle Investment Management Securities LLC purchased a new position in American Healthcare REIT in the first quarter worth approximately $10,643,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

NYSE AHR traded up $0.18 during trading hours on Tuesday, hitting $29.14. The company had a trading volume of 229,375 shares, compared to its average volume of 1,515,653. The business has a fifty day simple moving average of $25.91 and a 200-day simple moving average of $20.03. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week high of $29.40. The firm has a market cap of $4.46 billion and a P/E ratio of -60.33. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results 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 return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

American Healthcare REIT Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s dividend payout ratio (DPR) is presently -208.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AHR. Royal Bank of Canada lifted their target price on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Morgan Stanley boosted their price objective 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. Bank of America upped their target price 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. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, JMP Securities increased their price target 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.