Advisory Resource Group Invests $754,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Advisory Resource Group acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 28,885 shares of the company's stock, valued at approximately $754,000.

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

American Healthcare REIT Price Performance

American Healthcare REIT stock traded up $0.16 during mid-day trading on Thursday, hitting $28.23. 949,940 shares of the company were exchanged, compared to its average volume of 1,523,289. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The business's 50 day simple moving average is $26.69 and its two-hundred day simple moving average is $21.22. The company has a market capitalization of $4.32 billion and a P/E ratio of -58.54. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. KeyCorp raised their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Truist Financial raised their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Colliers Securities raised 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.13.

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.