Empower Advisory Group LLC Has $703,000 Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Empower Advisory Group LLC lessened its position in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AHR. Creative Planning acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $1,045,000. Bleakley Financial Group LLC acquired a new stake in shares of American Healthcare REIT during the 3rd quarter worth approximately $525,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of American Healthcare REIT by 80.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,805 shares of the company’s stock worth $700,000 after purchasing an additional 11,932 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at $568,000. Finally, Fortis Group Advisors LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at $576,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Down 0.4 %

Shares of AHR opened at $28.03 on Wednesday. The stock has a fifty day moving average price of $28.26 and a two-hundred day moving average price of $25.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 52-week low of $12.81 and a 52-week high of $29.99. The company has a market cap of $4.29 billion and a price-to-earnings ratio of -58.39.

American Healthcare REIT Dividend Announcement

The firm 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. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 3.57%. American Healthcare REIT’s payout ratio is -208.33%.

Wall Street Analyst Weigh In

Several analysts recently commented on AHR shares. Morgan Stanley boosted their price target 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. Royal Bank of Canada boosted their price target 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. Finally, Truist Financial boosted 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

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.