Prestige Wealth Management Group LLC Invests $107,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Prestige Wealth Management Group LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,047 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors have also made changes to their positions in the company. M&T Bank Corp purchased a new position in shares of American Healthcare REIT in the third quarter worth approximately $231,000. Barclays PLC increased its position in shares of American Healthcare REIT by 135.5% in the third quarter. Barclays PLC now owns 178,316 shares of the company’s stock worth $4,654,000 after acquiring an additional 102,588 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of American Healthcare REIT in the third quarter worth approximately $5,552,000. Nomura Asset Management Co. Ltd. grew its position in American Healthcare REIT by 154.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 204,000 shares of the company’s stock valued at $5,324,000 after purchasing an additional 123,800 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new position in American Healthcare REIT during the third quarter valued at approximately $2,767,000. 16.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AHR. Morgan Stanley boosted 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 report on Thursday, August 22nd. Royal Bank of Canada boosted their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Bank of America boosted their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, JMP Securities boosted 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 report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $27.86 on Wednesday. The firm has a fifty day simple moving average of $26.63 and a 200-day simple moving average of $21.17. 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, Inc. has a 1-year low of $12.63 and a 1-year high of $29.99. The stock has a market capitalization of $4.26 billion and a price-to-earnings ratio of -58.03.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share 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 return on equity of 1.87% and a negative net margin of 1.84%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, sell-side analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share 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.