2,167,622 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Bought by Fmr LLC

Fmr LLC purchased a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,167,622 shares of the company’s stock, valued at approximately $56,575,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kozak & Associates Inc. acquired a new stake in shares of American Healthcare REIT in the 3rd quarter valued at about $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in American Healthcare REIT during the second quarter valued at approximately $30,000. Amalgamated Bank bought a new position in American Healthcare REIT during the 2nd quarter worth approximately $33,000. Tidemark LLC acquired a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $44,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of American Healthcare REIT in the 2nd quarter valued at approximately $45,000. 16.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AHR has been the topic of several research analyst reports. Morgan Stanley raised their price objective on 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 boosted their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. Truist Financial raised their target price on shares of American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada upped 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. Finally, Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Performance

Shares of NYSE AHR opened at $28.55 on Friday. American Healthcare REIT, Inc. has a 12-month low of $12.63 and a 12-month high of $29.99. The company has a market cap of $4.37 billion and a PE ratio of -59.48. The stock has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $20.88. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The business 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 company’s revenue 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 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.