OVERSEA CHINESE BANKING Corp Ltd Has $6.78 Million Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in American Healthcare REIT, Inc. (NYSE:AHR) by 17.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 238,596 shares of the company’s stock after acquiring an additional 35,830 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in American Healthcare REIT were worth $6,781,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in American Healthcare REIT by 104.1% in the fourth quarter. GAMMA Investing LLC now owns 988 shares of the company’s stock valued at $28,000 after buying an additional 504 shares during the period. Richardson Capital Management LLC acquired a new position in American Healthcare REIT in the fourth quarter valued at approximately $29,000. Carolina Wealth Advisors LLC acquired a new position in American Healthcare REIT in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT in the third quarter valued at approximately $28,000. Finally, Quarry LP bought a new stake in shares of American Healthcare REIT during the third quarter valued at approximately $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AHR shares. Morgan Stanley boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, December 30th. JMP Securities set a $35.00 price objective on American Healthcare REIT in a report on Tuesday, March 4th. Finally, Citigroup restated an “outperform” rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, American Healthcare REIT has a consensus rating of “Buy” and an average target price of $30.17.

American Healthcare REIT Trading Down 1.2 %

Shares of American Healthcare REIT stock opened at $29.37 on Wednesday. The stock has a fifty day simple moving average of $28.64 and a 200 day simple moving average of $27.16. American Healthcare REIT, Inc. has a 12-month low of $12.81 and a 12-month high of $30.97. The company has a market capitalization of $4.63 billion and a P/E ratio of -61.18. 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 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.