World Investment Advisors LLC purchased a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,238 shares of the company's stock, valued at approximately $946,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AHR. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of American Healthcare REIT in the second quarter valued at about $30,000. Amalgamated Bank acquired a new stake in American Healthcare REIT during the second quarter worth about $33,000. Quarry LP acquired a new position in American Healthcare REIT in the 3rd quarter valued at approximately $33,000. Finally, Tidemark LLC bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 16.68% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AHR. Bank of America upped their target price on American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Morgan Stanley raised their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. JMP Securities upped their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a "market outperform" rating in a research note on Friday, September 20th. 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. Finally, Truist Financial upped their price target 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.13.
Get Our Latest Report on AHR
American Healthcare REIT Trading Down 1.1 %
Shares of American Healthcare REIT stock traded down $0.30 on Monday, hitting $28.17. The stock had a trading volume of 1,674,803 shares, compared to its average volume of 1,528,534. The stock has a 50 day moving average of $26.83 and a 200 day moving average of $21.47. American Healthcare REIT, Inc. has a twelve month low of $12.63 and a twelve month high of $29.99. The firm has a market capitalization of $4.31 billion and a P/E ratio of -59.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The firm's revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.
About American Healthcare REIT
(
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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