Centiva Capital LP Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Centiva Capital LP purchased a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,482 shares of the company's stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted 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 acquiring an additional 3,330,714 shares during the last quarter. FMR LLC bought a new stake in American Healthcare REIT during the third quarter valued at about $56,575,000. Commonwealth Equity Services LLC increased its position in 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 worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Vanguard Group Inc. bought a new position in shares of American Healthcare REIT in the first quarter worth about $16,205,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of American Healthcare REIT by 118.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company's stock valued at $49,798,000 after buying an additional 1,034,365 shares in the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Trading Down 1.0 %

AHR traded down $0.28 on Friday, reaching $28.55. 1,467,941 shares of the company traded hands, compared to its average volume of 2,157,800. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.37 billion and a P/E ratio of -59.48. The firm has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $20.97. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). The business had revenue of $523.81 million during 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%. American Healthcare REIT's revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

AHR has been the subject of several analyst reports. KeyCorp increased their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. Bank of America upped their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.13.

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.