106,024 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Acquired by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 106,024 shares of the company's stock, valued at approximately $2,767,000. American Healthcare REIT accounts for about 0.9% of Glass Jacobson Investment Advisors llc's investment portfolio, making the stock its 28th biggest holding. Glass Jacobson Investment Advisors llc owned approximately 0.08% of American Healthcare REIT at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of 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 valued at $247,654,000 after buying an additional 3,330,714 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of American Healthcare REIT by 25.7% during the 3rd quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after buying an additional 2,747,960 shares in the last quarter. State Street Corp boosted its stake in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after purchasing an additional 2,538,177 shares in the last quarter. FMR LLC bought a new position in American Healthcare REIT in the 3rd quarter worth about $56,575,000. Finally, Commonwealth Equity Services LLC boosted its stake in American Healthcare REIT by 6,875.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock worth $41,902,000 after purchasing an additional 1,582,426 shares in the last quarter. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AHR has been the topic of a number of analyst reports. JMP Securities upped their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. KeyCorp upped 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 note on Monday, September 16th. Morgan Stanley upped their price target 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. Royal Bank of Canada upped their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.13.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $0.36 during midday trading on Monday, hitting $28.20. 1,777,893 shares of the company's stock traded hands, compared to its average volume of 1,520,803. 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 capitalization of $4.32 billion and a price-to-earnings ratio of -58.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a fifty day moving average of $26.58 and a 200 day moving average of $21.07.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business had revenue of $523.81 million for the quarter, compared to analysts' expectations of $474.26 million. The firm's quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

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.