Atria Wealth Solutions Inc. Cuts Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Atria Wealth Solutions Inc. trimmed its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,164 shares of the company’s stock after selling 2,657 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in American Healthcare REIT were worth $576,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted 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 valued at $350,934,000 after acquiring an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Healthcare REIT by 29.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company’s stock worth $347,831,000 after purchasing an additional 2,750,137 shares in the last quarter. State Street Corp lifted 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 valued at $96,473,000 after purchasing an additional 2,538,177 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after purchasing an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new position in American Healthcare REIT during the 3rd quarter worth $56,575,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $29.63 on Thursday. American Healthcare REIT, Inc. has a 52 week low of $12.81 and a 52 week high of $29.99. The business’s 50 day moving average price is $28.23 and its 200 day moving average price is $26.13. 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 firm has a market cap of $4.54 billion and a P/E ratio of -61.73.

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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is currently -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.