Teachers Retirement System of The State of Kentucky Invests $1.23 Million in American Healthcare REIT, Inc. (NYSE:AHR)

Teachers Retirement System of The State of Kentucky bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,923 shares of the company’s stock, valued at approximately $1,225,000.

A number of other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of American Healthcare REIT by 118.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock valued at $49,798,000 after buying an additional 1,034,365 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in American Healthcare REIT during the 3rd quarter worth approximately $568,000. Swiss National Bank grew its position in American Healthcare REIT by 126.6% during the 3rd quarter. Swiss National Bank now owns 291,400 shares of the company’s stock worth $7,606,000 after acquiring an additional 162,800 shares during the last quarter. Janus Henderson Group PLC increased its stake in American Healthcare REIT by 79.8% in the 3rd quarter. Janus Henderson Group PLC now owns 94,112 shares of the company’s stock worth $2,456,000 after purchasing an additional 41,755 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in American Healthcare REIT in the third quarter valued at approximately $4,777,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AHR. JMP Securities lifted 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. Morgan Stanley upped 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. Bank of America raised 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. Truist Financial upped their price target on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, KeyCorp lifted their price objective 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. One 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

American Healthcare REIT Stock Up 0.6 %

Shares of NYSE:AHR opened at $28.35 on Wednesday. The firm has a market capitalization of $4.34 billion and a P/E ratio of -59.06. 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 stock has a 50 day moving average price of $26.89 and a 200-day moving average price of $21.57. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $29.99.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (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 the consensus estimate 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 company’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

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.