Wellington Management Group LLP Buys 2,747,960 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

Wellington Management Group LLP increased its holdings in American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,445,752 shares of the company's stock after acquiring an additional 2,747,960 shares during the quarter. Wellington Management Group LLP owned about 10.21% of American Healthcare REIT worth $350,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in American Healthcare REIT by 34.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company's stock worth $66,000 after purchasing an additional 654 shares in the last quarter. Kozak & Associates Inc. bought a new position in American Healthcare REIT in the third quarter worth about $28,000. Quarry LP purchased a new stake in American Healthcare REIT in the third quarter worth about $33,000. Tidemark LLC purchased a new stake in American Healthcare REIT in the third quarter worth about $44,000. Finally, Kessler Investment Group LLC purchased a new position in shares of American Healthcare REIT during the 3rd quarter worth approximately $48,000. Institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Down 1.0 %

NYSE:AHR traded down $0.28 on Friday, reaching $28.55. 1,467,941 shares of the stock traded hands, compared to its average volume of 2,157,800. 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 has a market capitalization of $4.37 billion and a price-to-earnings ratio of -59.48. American Healthcare REIT, Inc. has a 12 month low of $12.63 and a 12 month high of $29.99. The company's fifty day simple moving average is $26.54 and its 200 day simple moving average is $20.92.

American Healthcare REIT (NYSE:AHR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $474.26 million. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on AHR. Truist Financial raised their target price on American Healthcare REIT from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, November 15th. KeyCorp raised their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, September 16th. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a research report on Sunday, October 13th. Bank of America lifted their price target on shares of 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, JMP Securities boosted 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.13.

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.