American Healthcare REIT, Inc. (NYSE:AHR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 95.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,035 shares of the company's stock after selling 355,238 shares during the quarter. BNP Paribas Financial Markets' holdings in American Healthcare REIT were worth $445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of American Healthcare REIT in the second quarter worth $30,000. Amalgamated Bank acquired a new stake in shares of American Healthcare REIT in the second quarter worth about $33,000. Tidemark LLC bought a new position in American Healthcare REIT during the third quarter valued at about $44,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 16.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JMP Securities upped 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. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Royal Bank of Canada boosted their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. KeyCorp boosted their price objective 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. Finally, Bank of America increased 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 report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Stock Up 0.5 %

American Healthcare REIT stock traded up $0.13 during midday trading on Friday, hitting $28.47. 1,528,920 shares of the company's stock were exchanged, compared to its average volume of 1,527,853. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. The company has a market cap of $4.36 billion and a PE ratio of -59.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a 50-day moving average of $26.83 and a two-hundred day moving average of $21.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). The business had revenue of $523.81 million for the quarter, compared to analysts' expectations of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT's revenue was up 12.8% on a year-over-year basis. As a group, analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal 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.