Teachers Retirement System of The State of Kentucky Makes New $1.23 Million Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Teachers Retirement System of The State of Kentucky bought a new position in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 46,923 shares of the company's stock, valued at approximately $1,225,000.

A number of other hedge funds also recently made changes to their positions in AHR. Neo Ivy Capital Management purchased a new position in American Healthcare REIT in the third quarter worth about $728,000. Geode Capital Management LLC boosted its holdings in shares of American Healthcare REIT by 76.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company's stock worth $65,975,000 after purchasing an additional 1,094,296 shares during the period. Prestige Wealth Management Group LLC bought a new position in shares of American Healthcare REIT during the 3rd quarter valued at approximately $107,000. M&T Bank Corp purchased a new stake in American Healthcare REIT during the 3rd quarter valued at $231,000. Finally, Barclays PLC lifted its position in American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company's stock worth $4,654,000 after buying an additional 102,588 shares during the last quarter. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on AHR. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a "market outperform" rating in a report on Friday, September 20th. Truist Financial boosted their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Morgan Stanley boosted 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. Bank of America upped their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada boosted their target price on shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.13.

American Healthcare REIT Stock Down 3.4 %

Shares of AHR traded down $0.97 during mid-day trading on Wednesday, hitting $27.38. The company's stock had a trading volume of 1,530,055 shares, compared to its average volume of 1,529,956. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The company's 50-day moving average is $26.96 and its 200-day moving average is $21.67. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99. The firm has a market capitalization of $4.19 billion and a price-to-earnings ratio of -57.04.

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

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.