Systematic Financial Management LP Purchases New Stake in American Healthcare REIT, Inc. (NYSE:AHR)

Systematic Financial Management LP acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,362 shares of the company's stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after acquiring an additional 654 shares during the period. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter worth $28,000. Quarry LP acquired a new position in American Healthcare REIT during the 3rd quarter worth $33,000. Tidemark LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth $44,000. Finally, Kessler Investment Group LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America boosted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. JMP Securities boosted their price objective on 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. Colliers Securities raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Finally, Morgan Stanley boosted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Trading Down 1.0 %

Shares of American Healthcare REIT stock traded down $0.28 on Friday, reaching $28.55. 1,467,883 shares of the company were exchanged, compared to its average volume of 1,519,579. The firm has a market capitalization of $4.37 billion and a price-to-earnings ratio of -59.48. American Healthcare REIT, Inc. has a fifty-two week low of $12.63 and a fifty-two week 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 moving average price of $26.54 and a 200-day moving average price of $20.88.

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