Public Employees Retirement System of Ohio Makes New Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Public Employees Retirement System of Ohio bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 212,718 shares of the company’s stock, valued at approximately $5,552,000.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in American Healthcare REIT by 118.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,907,986 shares of the company’s stock worth $49,798,000 after purchasing an additional 1,034,365 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of American Healthcare REIT during the third quarter worth $568,000. Swiss National Bank lifted its stake in shares of American Healthcare REIT by 126.6% during the third quarter. Swiss National Bank now owns 291,400 shares of the company’s stock valued at $7,606,000 after acquiring an additional 162,800 shares during the period. Hilton Capital Management LLC bought a new position in American Healthcare REIT in the third quarter valued at about $4,777,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in American Healthcare REIT by 116.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,130,266 shares of the company’s stock worth $16,513,000 after purchasing an additional 608,656 shares during the period. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Price Performance

Shares of AHR opened at $28.47 on Friday. The firm has a market capitalization of $4.36 billion and a PE ratio of -59.31. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week 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 stock has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $21.42.

American Healthcare REIT (NYSE:AHR) last announced its earnings results 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 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%. American Healthcare REIT’s revenue was up 12.8% on a year-over-year basis. Sell-side analysts predict that American Healthcare REIT, Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Bank of America raised 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 note on Tuesday, September 24th. JMP Securities upped their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, September 20th. KeyCorp raised their price target 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. Finally, Morgan Stanley upped their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, American Healthcare REIT has an average rating of “Moderate Buy” and an average price target of $25.13.

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.