Envestnet Asset Management Inc. Trims Holdings in American Healthcare REIT, Inc. $AHR

Envestnet Asset Management Inc. lowered its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,774 shares of the company’s stock after selling 37,323 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of American Healthcare REIT worth $11,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning lifted its stake in American Healthcare REIT by 4.5% during the second quarter. Creative Planning now owns 37,467 shares of the company’s stock worth $1,377,000 after purchasing an additional 1,628 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of American Healthcare REIT during the second quarter worth $207,000. A4 Wealth Advisors LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter worth about $2,231,000. First American Bank acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $1,681,000. Finally, Franklin Resources Inc. boosted its holdings in shares of American Healthcare REIT by 44.3% in the 2nd quarter. Franklin Resources Inc. now owns 236,110 shares of the company’s stock valued at $8,675,000 after buying an additional 72,502 shares during the period. 16.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AHR shares. Zacks Research lowered shares of American Healthcare REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. UBS Group increased their price target on American Healthcare REIT from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Truist Financial cut their price target on American Healthcare REIT from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Scotiabank upped their price objective on American Healthcare REIT from $47.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, November 13th. Finally, Citigroup increased their target price on American Healthcare REIT from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Insider Buying and Selling at American Healthcare REIT

In related news, Director Jeffrey T. Hanson sold 19,208 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $48.40, for a total value of $929,667.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

American Healthcare REIT Stock Up 2.3%

AHR opened at $52.97 on Wednesday. The stock’s 50 day moving average price is $48.04 and its 200 day moving average price is $45.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $9.37 billion, a P/E ratio of 378.36, a P/E/G ratio of 1.96 and a beta of 1.03. American Healthcare REIT, Inc. has a 12 month low of $26.48 and a 12 month high of $53.04.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 31st. American Healthcare REIT’s dividend payout ratio (DPR) is 714.29%.

American Healthcare REIT Company Profile

American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company’s portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.

Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.