HighTower Advisors LLC Purchases New Shares in American Healthcare REIT, Inc. (NYSE:AHR)

HighTower Advisors LLC acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 53,600 shares of the company's stock, valued at approximately $1,396,000.

Other institutional investors have also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $28,000. Tidemark LLC bought a new position in American Healthcare REIT in the 3rd quarter worth $44,000. Kessler Investment Group LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth $48,000. KBC Group NV bought a new stake in American Healthcare REIT during the third quarter valued at about $51,000. Finally, Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT in the second quarter valued at about $30,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AHR. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. KeyCorp increased their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Morgan Stanley boosted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. Finally, JMP Securities boosted their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, American Healthcare REIT has a consensus rating of "Moderate Buy" and a consensus price target of $25.13.

American Healthcare REIT Price Performance

NYSE AHR traded down $0.30 on Monday, reaching $28.17. The company's stock had a trading volume of 1,674,803 shares, compared to its average volume of 1,528,534. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 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 firm has a market cap of $4.31 billion and a PE ratio of -59.33. The business has a 50-day moving average price of $26.83 and a 200 day moving average price of $21.47.

American Healthcare REIT (NYSE:AHR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $523.81 million during 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 quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts expect 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.