Public Employees Retirement System of Ohio Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Public Employees Retirement System of Ohio acquired a new position in shares of American Healthcare REIT, Inc. (NYSE:AHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 212,718 shares of the company’s stock, valued at approximately $5,552,000. Public Employees Retirement System of Ohio owned about 0.16% of American Healthcare REIT as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new position in shares of American Healthcare REIT during the third quarter worth approximately $28,000. Quarry LP bought a new stake in American Healthcare REIT in the 3rd quarter valued at $33,000. Tidemark LLC bought a new stake in American Healthcare REIT in the 3rd quarter valued at $44,000. Kessler Investment Group LLC acquired a new stake in American Healthcare REIT in the 3rd quarter worth $48,000. Finally, KBC Group NV bought a new position in shares of American Healthcare REIT during the 3rd quarter worth about $51,000. Institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AHR. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America lifted their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Royal Bank of Canada lifted their price target on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Morgan Stanley increased their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Up 0.5 %

Shares of NYSE:AHR opened at $28.47 on Friday. The company’s fifty day moving average is $26.83 and its 200-day moving average is $21.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. American Healthcare REIT, Inc. has a 52 week low of $12.63 and a 52 week high of $29.99. The company has a market capitalization of $4.36 billion and a PE ratio of -59.31.

American Healthcare REIT (NYSE:AHR) last released 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). The firm had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The business’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal year.

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.