Neo Ivy Capital Management Takes $728,000 Position in American Healthcare REIT, Inc. (NYSE:AHR)

Neo Ivy Capital Management bought a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,858 shares of the company's stock, valued at approximately $728,000.

Several other institutional investors have also modified their holdings of AHR. Geode Capital Management LLC grew its holdings in American Healthcare REIT by 76.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after acquiring an additional 1,094,296 shares in the last quarter. Prestige Wealth Management Group LLC bought a new position in shares of American Healthcare REIT during the third quarter worth about $107,000. M&T Bank Corp bought a new position in shares of American Healthcare REIT during the third quarter worth about $231,000. Barclays PLC increased its holdings in American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company's stock valued at $4,654,000 after buying an additional 102,588 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in American Healthcare REIT in the third quarter valued at about $5,552,000. Institutional investors and hedge funds own 16.68% of the company's stock.

American Healthcare REIT Price Performance

NYSE AHR traded up $0.25 on Thursday, reaching $28.32. 1,901,930 shares of the stock traded hands, compared to its average volume of 1,527,848. 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 $4.33 billion and a price-to-earnings ratio of -58.99. The firm's fifty day simple moving average is $26.76 and its 200 day simple moving average is $21.27. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The firm had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

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