State Street Corp Buys 2,538,177 Shares of American Healthcare REIT, Inc. (NYSE:AHR)

State Street Corp increased its stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 221.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,683,691 shares of the company’s stock after acquiring an additional 2,538,177 shares during the quarter. State Street Corp’s holdings in American Healthcare REIT were worth $96,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors 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 valued at $66,000 after purchasing an additional 654 shares in the last quarter. Kozak & Associates Inc. acquired a new position in American Healthcare REIT during the 3rd quarter valued at about $28,000. Quarry LP purchased a new stake in shares of American Healthcare REIT in the third quarter worth approximately $33,000. Tidemark LLC purchased a new position in shares of American Healthcare REIT during the third quarter valued at approximately $44,000. Finally, Kessler Investment Group LLC bought a new stake in American Healthcare REIT during the third quarter worth $48,000. 16.68% of the stock is owned by institutional investors.

American Healthcare REIT Trading Down 1.1 %

Shares of American Healthcare REIT stock opened at $28.17 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $4.31 billion and a P/E ratio of -59.33. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99. The stock’s 50-day simple moving average is $26.83 and its 200 day simple moving average is $21.47.

American Healthcare REIT (NYSE:AHR) last announced 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 business had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

AHR has been the topic of a number of analyst reports. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Bank of America lifted their target price on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Truist Financial increased 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. Morgan Stanley lifted their target price 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. Finally, JMP Securities increased their price target 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

About American Healthcare REIT

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.