American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by Walleye Capital LLC

Walleye Capital LLC cut its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 94.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,327 shares of the company's stock after selling 349,603 shares during the period. Walleye Capital LLC's holdings in American Healthcare REIT were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AHR. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 purchasing an additional 654 shares in the last quarter. Kozak & Associates Inc. purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $28,000. Tidemark LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $44,000. Kessler Investment Group LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $48,000. Finally, KBC Group NV purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $51,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 1.2 %

Shares of AHR traded down $0.36 during mid-day trading on Monday, reaching $28.20. The company had a trading volume of 1,777,893 shares, compared to its average volume of 1,520,803. The stock has a market cap of $4.32 billion and a price-to-earnings ratio of -58.74. The firm has a fifty day simple moving average of $26.58 and a 200-day simple moving average of $21.07. 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.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly 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 during 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%. The company's revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AHR. Bank of America raised their price objective 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. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. 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 note on Monday, September 16th. Royal Bank of Canada lifted their target price 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, Truist Financial lifted their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $25.13.

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.