MetLife Investment Management LLC Grows Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

MetLife Investment Management LLC lifted its position in American Healthcare REIT, Inc. (NYSE:AHR) by 181.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 52,344 shares of the company’s stock after buying an additional 33,760 shares during the quarter. MetLife Investment Management LLC’s holdings in American Healthcare REIT were worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in American Healthcare REIT by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,537 shares of the company’s stock worth $66,000 after buying an additional 654 shares during the period. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter worth $28,000. Tidemark LLC purchased a new stake in American Healthcare REIT during the 3rd quarter worth about $44,000. Kessler Investment Group LLC acquired a new stake in American Healthcare REIT in the 3rd quarter valued at about $48,000. Finally, KBC Group NV purchased a new position in shares of American Healthcare REIT in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 16.68% of the company’s stock.

American Healthcare REIT Trading Up 0.4 %

AHR opened at $28.84 on Friday. 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, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The business’s 50 day moving average is $26.49 and its two-hundred day moving average is $20.78. The firm has a market cap of $4.41 billion and a price-to-earnings ratio of -60.08.

American Healthcare REIT (NYSE:AHR) last issued 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). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JMP Securities upped 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 research note on Friday, September 20th. Morgan Stanley raised their price objective 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. Royal Bank of Canada increased their target price on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.13.

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.