36,238 Shares in American Healthcare REIT, Inc. (NYSE:AHR) Purchased by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 36,238 shares of the company’s stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the period. Principal Financial Group Inc. lifted its holdings in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares in the last quarter. State Street Corp boosted its position in American Healthcare REIT by 221.6% in the 3rd quarter. State Street Corp now owns 3,683,691 shares of the company’s stock valued at $96,473,000 after buying an additional 2,538,177 shares during the period. Geode Capital Management LLC grew its stake in shares of American Healthcare REIT by 76.4% in the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after acquiring an additional 1,094,296 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of American Healthcare REIT during the third quarter worth $56,575,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Performance

Shares of AHR opened at $28.47 on Monday. 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 stock has a 50 day moving average price of $26.83 and a 200 day moving average price of $21.47. The company has a market capitalization of $4.36 billion and a price-to-earnings ratio of -59.31.

American Healthcare REIT (NYSE:AHR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AHR has been the subject of a number of recent research reports. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Morgan Stanley lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. 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. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Truist Financial boosted their price target 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.