Empower Advisory Group LLC Sells 1,297 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Empower Advisory Group LLC lowered its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,733 shares of the company’s stock after selling 1,297 shares during the quarter. Empower Advisory Group LLC’s holdings in American Healthcare REIT were worth $703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AHR. Creative Planning bought a new stake in shares of American Healthcare REIT during the third quarter worth $1,045,000. Bleakley Financial Group LLC bought a new stake in shares of American Healthcare REIT during the third quarter worth $525,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of American Healthcare REIT by 80.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,805 shares of the company’s stock worth $700,000 after acquiring an additional 11,932 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the third quarter worth $568,000. Finally, Fortis Group Advisors LLC bought a new stake in shares of American Healthcare REIT during the third quarter worth $576,000. Institutional investors own 16.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AHR. Royal Bank of Canada increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley increased their target price on 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, Truist Financial increased their target price on 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 research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Stock Down 0.4 %

Shares of American Healthcare REIT stock opened at $28.03 on Wednesday. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $29.99. The business has a 50-day moving average of $28.26 and a two-hundred day moving average of $25.64. The company has a market capitalization of $4.29 billion and a P/E ratio of -58.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. American Healthcare REIT’s dividend payout ratio (DPR) is currently -208.33%.

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.