Atria Investments Inc Trims Stock Position in American Healthcare REIT, Inc. (NYSE:AHR)

Atria Investments Inc decreased its position in American Healthcare REIT, Inc. (NYSE:AHR) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,148 shares of the company’s stock after selling 2,281 shares during the period. Atria Investments Inc’s holdings in American Healthcare REIT were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AHR. Kozak & Associates Inc. acquired a new stake in shares of American Healthcare REIT during the third quarter valued at about $28,000. Kessler Investment Group LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at $48,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of American Healthcare REIT in the 2nd quarter valued at $30,000. Creekmur Asset Management LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth about $54,000. Finally, Amalgamated Bank purchased a new position in American Healthcare REIT during the 2nd quarter valued at about $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AHR shares. KeyCorp increased their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley upped their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Truist Financial lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, Bank of America increased their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Performance

NYSE AHR opened at $28.58 on Friday. The company has a fifty day moving average of $25.82 and a two-hundred day moving average of $19.84. The company has a market capitalization of $4.37 billion and a PE ratio of -59.54. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $28.68. 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 (NYSE:AHR) last announced 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 firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 20th were issued a $0.25 dividend. 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 3.50%. American Healthcare REIT’s payout ratio is -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.