American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lessened its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 57.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,971 shares of the company’s stock after selling 10,647 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in American Healthcare REIT were worth $225,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock worth $350,934,000 after acquiring an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of American Healthcare REIT by 54.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock valued at $247,654,000 after buying an additional 3,330,714 shares during the period. State Street Corp increased its holdings in shares of American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares during the last quarter. Geode Capital Management LLC raised its position in shares of American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock valued at $65,975,000 after buying an additional 1,094,296 shares during the period. Finally, FMR LLC acquired a new position in American Healthcare REIT in the third quarter valued at approximately $56,575,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AHR shares. Truist Financial increased their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. Finally, Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

American Healthcare REIT Stock Performance

NYSE:AHR opened at $29.34 on Tuesday. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The company has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $24.26. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.49 billion and a price-to-earnings ratio of -61.13.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that American Healthcare REIT, Inc. will post 1.41 earnings per share for the current fiscal year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio is presently -208.33%.

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.