Atria Wealth Solutions Inc. Reduces Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Atria Wealth Solutions Inc. cut its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,164 shares of the company’s stock after selling 2,657 shares during the period. Atria Wealth Solutions Inc.’s holdings in American Healthcare REIT were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AHR. Wilmington Savings Fund Society FSB purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock worth $28,000 after purchasing an additional 504 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of American Healthcare REIT during the fourth quarter valued at approximately $29,000. Quarry LP bought a new position in shares of American Healthcare REIT during the third quarter valued at approximately $33,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of American Healthcare REIT in the fourth quarter worth approximately $37,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Stock Up 2.6 %

Shares of American Healthcare REIT stock opened at $29.63 on Thursday. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $29.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $4.54 billion and a price-to-earnings ratio of -61.73. The firm’s 50-day moving average is $28.23 and its two-hundred day moving average is $26.13.

American Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.37%. The ex-dividend date was Tuesday, December 31st. American Healthcare REIT’s payout ratio is -208.33%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AHR. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada boosted their target price on shares of 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, Morgan Stanley raised their price target 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $26.00.

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.