Capital Asset Advisory Services LLC Lowers Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Capital Asset Advisory Services LLC cut its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 57.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,971 shares of the company's stock after selling 10,647 shares during the period. Capital Asset Advisory Services LLC's holdings in American Healthcare REIT were worth $225,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 2,747,960 shares during the period. Principal Financial Group Inc. raised its position in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. State Street Corp lifted its holdings in 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 period. Geode Capital Management LLC increased its stake in shares of American Healthcare REIT by 76.4% in the third 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 stake in shares of American Healthcare REIT in the third quarter valued at about $56,575,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Royal Bank of Canada upped 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 note on Monday, November 18th. Truist Financial lifted their target price 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. Finally, Morgan Stanley upped their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, December 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

American Healthcare REIT Stock Performance

AHR stock traded down $0.52 during midday trading on Friday, hitting $28.28. The company's stock had a trading volume of 935,405 shares, compared to its average volume of 1,111,390. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a market cap of $4.33 billion and a price-to-earnings ratio of -58.91. The stock's 50-day moving average price is $28.37 and its 200 day moving average price is $24.48. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

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

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, December 31st. American Healthcare REIT's dividend payout ratio (DPR) is currently -208.33%.

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.