American Healthcare REIT, Inc. (NYSE:AHR) Shares Bought by State Street Corp

State Street Corp raised its stake in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 221.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,683,691 shares of the company's stock after acquiring an additional 2,538,177 shares during the period. State Street Corp owned 2.80% of American Healthcare REIT worth $96,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in American Healthcare REIT by 118.4% in the 3rd 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 during the period. Foundations Investment Advisors LLC acquired a new position in American Healthcare REIT during the 3rd quarter worth approximately $568,000. Swiss National Bank grew its holdings in American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company's stock worth $7,606,000 after acquiring an additional 162,800 shares during the period. Janus Henderson Group PLC boosted its position in shares of American Healthcare REIT by 79.8% during the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company's stock worth $2,456,000 after purchasing an additional 41,755 shares in the last quarter. Finally, Hilton Capital Management LLC acquired a new stake in shares of American Healthcare REIT in the third quarter valued at about $4,777,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Trading Up 0.6 %

Shares of AHR traded up $0.18 during mid-day trading on Tuesday, hitting $28.35. The company had a trading volume of 1,366,260 shares, compared to its average volume of 1,529,409. American Healthcare REIT, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The business's 50-day simple moving average is $26.89 and its 200-day simple moving average is $21.57. The stock has a market cap of $4.34 billion and a PE ratio of -59.02. 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 quarterly 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). The company had revenue of $523.81 million during 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 company's revenue was up 12.8% on a year-over-year basis. Sell-side analysts forecast that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AHR has been the subject of a number of research reports. Truist Financial lifted their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Friday, November 15th. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a report on Friday, September 20th. Morgan Stanley upped their price target on shares of 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 raised American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research note on Sunday, October 13th. Finally, Bank of America boosted their price target on American Healthcare REIT from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.13.

About American Healthcare REIT

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.