Empower Advisory Group LLC Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Empower Advisory Group LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,030 shares of the company’s stock, valued at approximately $679,000.

A number of other institutional investors also recently modified their holdings of the company. Kozak & Associates Inc. bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of American Healthcare REIT during the second quarter worth $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT in the second quarter valued at $33,000. Semmax Financial Advisors Inc. bought a new position in shares of American Healthcare REIT in the second quarter valued at about $45,000. Finally, Kessler Investment Group LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth about $48,000. Institutional investors own 16.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AHR. KeyCorp boosted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. 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. Truist Financial increased their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, JMP Securities raised their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Stock Down 2.1 %

Shares of American Healthcare REIT stock opened at $26.25 on Friday. The business has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $19.21. The stock has a market cap of $3.46 billion and a PE ratio of -54.69. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $27.77.

American Healthcare REIT (NYSE:AHR) last issued its earnings results 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 the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts predict that American Healthcare REIT, Inc. will post 1.31 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. American Healthcare REIT’s dividend payout ratio is -208.33%.

About American Healthcare REIT

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.