Captrust Financial Advisors Buys Shares of 28,839 American Healthcare REIT, Inc. (NYSE:AHR)

Captrust Financial Advisors bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 28,839 shares of the company's stock, valued at approximately $753,000.

Several other hedge funds have also added to or reduced their stakes in AHR. Principal Financial Group Inc. boosted its stake in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock valued at $247,654,000 after purchasing an additional 3,330,714 shares during the period. FMR LLC purchased a new stake in American Healthcare REIT during the 3rd quarter valued at $56,575,000. Charles Schwab Investment Management Inc. grew its holdings in American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock worth $49,798,000 after acquiring an additional 1,034,365 shares during the last quarter. Land & Buildings Investment Management LLC increased its position in shares of American Healthcare REIT by 19.3% in the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company's stock valued at $26,260,000 after acquiring an additional 290,740 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of American Healthcare REIT by 6,875.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company's stock valued at $41,902,000 after acquiring an additional 1,582,426 shares during the period. 16.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of analyst reports. JMP Securities increased their target price 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. Bank of America upped their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Royal Bank of Canada raised their price target on American Healthcare REIT from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Finally, Truist Financial raised 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 report on Friday, November 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, American Healthcare REIT currently has an average rating of "Moderate Buy" and an average target price of $25.13.

American Healthcare REIT Stock Up 0.9 %

NYSE:AHR traded up $0.24 during trading hours on Wednesday, reaching $28.10. 2,046,071 shares of the company traded hands, compared to its average volume of 1,526,092. 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 business's 50-day moving average price is $26.69 and its two-hundred day moving average price is $21.22. American Healthcare REIT, Inc. has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a market capitalization of $4.30 billion and a P/E ratio of -58.54.

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 the consensus estimate of $0.32 by ($0.35). The company had revenue of $523.81 million during 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%. The firm's revenue was up 12.8% on a year-over-year basis. Analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share 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.