Orion Portfolio Solutions LLC Invests $499,000 in American Healthcare REIT, Inc. (NYSE:AHR)

Orion Portfolio Solutions LLC bought a new position in American Healthcare REIT, Inc. (NYSE:AHR) during the third quarter, Holdings Channel.com reports. The firm bought 19,126 shares of the company’s stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of American Healthcare REIT in the 3rd quarter worth approximately $475,000. Zacks Investment Management bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $1,129,000. Zimmer Partners LP bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $19,836,000. Brookfield Corp ON bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $11,474,000. Finally, Glen Eagle Advisors LLC bought a new stake in shares of American Healthcare REIT in the 3rd quarter worth approximately $81,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AHR shares. 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 report on Monday, November 18th. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JMP Securities lifted their price target on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, KeyCorp boosted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

American Healthcare REIT Stock Up 0.6 %

AHR opened at $28.35 on Wednesday. The company has a fifty day moving average price of $26.89 and a 200-day moving average price of $21.57. The firm has a market capitalization of $4.34 billion and a P/E ratio of -59.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a one year low of $12.63 and a one year high of $29.99.

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 for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that American Healthcare REIT, Inc. will post 1.42 earnings per share for the current fiscal 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.