Wellington Management Group LLP Grows Position in American Healthcare REIT, Inc. (NYSE:AHR)

Wellington Management Group LLP grew its stake in American Healthcare REIT, Inc. (NYSE:AHR) by 25.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,445,752 shares of the company’s stock after buying an additional 2,747,960 shares during the quarter. Wellington Management Group LLP owned 0.10% of American Healthcare REIT worth $350,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of AHR. Kozak & Associates Inc. purchased a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in American Healthcare REIT in the 2nd quarter worth approximately $30,000. Amalgamated Bank purchased a new stake in American Healthcare REIT in the 2nd quarter worth approximately $33,000. Quarry LP purchased a new stake in American Healthcare REIT in the 3rd quarter worth approximately $33,000. Finally, Tidemark LLC purchased a new stake in American Healthcare REIT in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Down 1.0 %

NYSE AHR opened at $28.55 on Friday. The business has a fifty day moving average price of $26.54 and a 200 day moving average price of $20.92. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99. 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 company has a market cap of $4.37 billion and a P/E ratio of -59.48.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on AHR shares. Royal Bank of Canada upped their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Bank of America upped their target price on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley upped 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. KeyCorp upped their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Truist Financial upped their target price on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.13.

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.