Public Employees Retirement System of Ohio Invests $5.55 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Public Employees Retirement System of Ohio acquired a new stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 212,718 shares of the company's stock, valued at approximately $5,552,000. Public Employees Retirement System of Ohio owned about 0.16% of American Healthcare REIT as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in American Healthcare REIT by 25.7% during the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company's stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 54.1% in the third 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. State Street Corp raised its stake in shares of American Healthcare REIT by 221.6% during the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after purchasing an additional 2,538,177 shares in the last quarter. FMR LLC bought a new position in American Healthcare REIT during the third quarter valued at approximately $56,575,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in American Healthcare REIT by 118.4% during the third 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. Institutional investors own 16.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America upped 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. KeyCorp raised their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th. JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Friday, September 20th. Morgan Stanley increased their price target 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 raised their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an "outperform" rating in a report 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's stock. Based on data from MarketBeat.com, American Healthcare REIT has an average rating of "Moderate Buy" and a consensus target price of $25.13.

American Healthcare REIT Trading Up 0.5 %

AHR stock traded up $0.13 during trading on Friday, hitting $28.47. The company had a trading volume of 1,528,920 shares, compared to its average volume of 1,527,853. The stock has a market cap of $4.36 billion and a price-to-earnings ratio of -59.31. 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 firm has a 50-day moving average price of $26.83 and a 200-day moving average price of $21.47. 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 quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $474.26 million. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

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.