Fmr LLC Takes $56.58 Million Position in American Healthcare REIT, Inc. (NYSE:AHR)

FMR LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,167,622 shares of the company's stock, valued at approximately $56,575,000. FMR LLC owned about 1.65% of American Healthcare REIT at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AHR. Elios Financial Group Inc. purchased a new stake in American Healthcare REIT during the third quarter valued at about $281,000. Loomis Sayles & Co. L P purchased a new position in American Healthcare REIT in the 3rd quarter worth approximately $55,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $203,000. Daiwa Securities Group Inc. grew its holdings in shares of American Healthcare REIT by 4.1% in the third quarter. Daiwa Securities Group Inc. now owns 283,763 shares of the company's stock worth $7,406,000 after purchasing an additional 11,250 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of American Healthcare REIT in the third quarter worth $330,000. 16.68% of the stock is currently owned by institutional investors.

American Healthcare REIT Price Performance

NYSE:AHR traded down $0.28 during mid-day trading on Friday, reaching $28.55. The company's stock had a trading volume of 1,467,941 shares, compared to its average volume of 2,157,800. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. The firm's fifty day moving average price is $26.54 and its two-hundred day moving average price is $20.88. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS 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 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 firm's revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Colliers Securities upgraded American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. 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. Royal Bank of Canada lifted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, JMP Securities increased their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.