53,600 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by HighTower Advisors LLC

HighTower Advisors LLC acquired a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,600 shares of the company’s stock, valued at approximately $1,396,000.

Several other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in American Healthcare REIT by 34.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after purchasing an additional 654 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth about $28,000. Tidemark LLC bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth about $44,000. Kessler Investment Group LLC bought a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $48,000. Finally, KBC Group NV purchased a new position in American Healthcare REIT in the third quarter worth about $51,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AHR. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. JMP Securities increased their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Truist Financial lifted their price objective 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. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, Morgan Stanley raised their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, American Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average price target of $25.13.

American Healthcare REIT Stock Up 0.5 %

NYSE:AHR opened at $28.47 on Monday. The company has a market cap of $4.36 billion and a price-to-earnings ratio of -59.31. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $26.83 and a 200-day simple moving average of $21.47.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data 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). The company had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

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.