Nomura Asset Management Co. Ltd. lifted its position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 154.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,000 shares of the company's stock after acquiring an additional 123,800 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.15% of American Healthcare REIT worth $5,324,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of AHR. Glass Jacobson Investment Advisors llc bought a new position in American Healthcare REIT during the third quarter worth about $2,767,000. MML Investors Services LLC acquired a new stake in shares of American Healthcare REIT during the third quarter worth about $599,000. Orion Portfolio Solutions LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at about $499,000. XTX Topco Ltd acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at approximately $475,000. Finally, Zacks Investment Management bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $1,129,000. Institutional investors own 16.68% of the company's stock.
American Healthcare REIT Stock Performance
American Healthcare REIT stock traded up $0.13 during midday trading on Friday, reaching $28.47. 1,528,920 shares of the company's stock were exchanged, compared to its average volume of 1,527,853. 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 stock's 50-day simple moving average is $26.83 and its 200 day simple moving average is $21.42. The firm has a market cap of $4.36 billion and a price-to-earnings ratio of -59.31. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week 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) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT's revenue was up 12.8% on a year-over-year basis. On average, analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have weighed in on AHR shares. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. KeyCorp upped their target price 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. JMP Securities lifted their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. Morgan Stanley upped their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.13.
Check Out Our Latest Research Report on American Healthcare REIT
American Healthcare REIT Company Profile
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Free Report)
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.
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