MetLife Investment Management LLC Purchases 33,760 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

MetLife Investment Management LLC lifted its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 181.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,344 shares of the company's stock after purchasing an additional 33,760 shares during the quarter. MetLife Investment Management LLC's holdings in American Healthcare REIT were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 buying an additional 654 shares during the last quarter. Kozak & Associates Inc. purchased a new position in American Healthcare REIT in the 3rd quarter worth approximately $28,000. Tidemark LLC bought a new position in American Healthcare REIT in the 3rd quarter valued at approximately $44,000. Kessler Investment Group LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at $48,000. Finally, KBC Group NV bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth $51,000. Institutional investors own 16.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AHR shares. Morgan Stanley lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. JMP Securities increased their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research report on Friday, September 20th. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada increased their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Price Performance

AHR stock traded down $0.28 during midday trading on Friday, hitting $28.55. The company's stock had a trading volume of 1,467,883 shares, 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. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. The company has a 50 day moving average of $26.54 and a two-hundred day moving average of $20.88.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its earnings results 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 return on equity of 1.87% and a negative net margin of 1.84%. The business'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 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.