Orion Portfolio Solutions LLC acquired a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,126 shares of the company's stock, valued at approximately $499,000.
Several other institutional investors and hedge funds have also recently modified their holdings of AHR. CWM LLC bought a new stake in shares of American Healthcare REIT during the second quarter valued at approximately $58,000. SG Americas Securities LLC purchased a new position in American Healthcare REIT during the second quarter worth $189,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in American Healthcare REIT by 116.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company's stock worth $16,513,000 after buying an additional 608,656 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of American Healthcare REIT during the second quarter valued at $3,367,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of American Healthcare REIT during the second quarter valued at $110,000. Institutional investors own 16.68% of the company's stock.
American Healthcare REIT Stock Down 3.4 %
Shares of AHR traded down $0.97 during mid-day trading on Wednesday, hitting $27.38. 1,530,055 shares of the company traded hands, compared to its average volume of 1,529,956. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. 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 capitalization of $4.19 billion and a PE ratio of -57.04. The business has a 50 day moving average of $26.96 and a 200 day moving average of $21.67.
American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business's quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on AHR. 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. Morgan Stanley lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Truist Financial lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a report on Friday, November 15th. KeyCorp lifted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Finally, Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.13.
Check Out Our Latest Stock Analysis on AHR
American Healthcare REIT Company Profile
(
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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