American Healthcare REIT, Inc. (NYSE:AHR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR - Free Report) by 223.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,595 shares of the company's stock after buying an additional 70,185 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of American Healthcare REIT worth $2,887,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of American Healthcare REIT by 54.1% during the third quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company's stock worth $247,654,000 after purchasing an additional 3,330,714 shares during the last quarter. Wellington Management Group LLP grew its holdings 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 worth $350,934,000 after acquiring an additional 2,747,960 shares during the period. State Street Corp raised its position in American Healthcare REIT by 221.6% in the third quarter. State Street Corp now owns 3,683,691 shares of the company's stock worth $96,473,000 after acquiring an additional 2,538,177 shares in the last quarter. FMR LLC acquired a new stake in American Healthcare REIT in the third quarter valued at $56,575,000. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of American Healthcare REIT during the 4th quarter worth $33,838,000. Institutional investors and hedge funds own 16.68% of the company's stock.

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American Healthcare REIT Stock Up 2.7 %

American Healthcare REIT stock traded up $0.79 during midday trading on Wednesday, hitting $30.19. 1,373,225 shares of the company were exchanged, compared to its average volume of 1,529,314. The company's fifty day moving average price is $28.64 and its 200-day moving average price is $27.16. The company has a market cap of $4.76 billion and a PE ratio of -62.90. American Healthcare REIT, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $30.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Morgan Stanley lifted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Monday, December 30th. Citigroup reissued an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research report on Wednesday. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $30.83.

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.