Kiely Wealth Advisory Group Inc. Takes Position in American Healthcare REIT, Inc. (NYSE:AHR)

Kiely Wealth Advisory Group Inc. bought a new stake in shares of American Healthcare REIT, Inc. (NYSE:AHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,032 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amalgamated Bank bought a new stake in shares of American Healthcare REIT in the 2nd quarter worth about $33,000. CWM LLC purchased a new stake in American Healthcare REIT in the 2nd quarter worth about $58,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in American Healthcare REIT in the second quarter worth about $110,000. Concorde Asset Management LLC bought a new stake in American Healthcare REIT in the second quarter worth about $184,000. Finally, SG Americas Securities LLC bought a new position in shares of American Healthcare REIT during the second quarter valued at approximately $189,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Stock Up 2.0 %

NYSE AHR opened at $25.68 on Friday. The firm’s 50 day moving average price is $19.44 and its 200-day moving average price is $16.05. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $26.32.

American Healthcare REIT (NYSE:AHR) last announced its earnings results on Monday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.28). American Healthcare REIT had a negative net margin of 1.99% and a negative return on equity of 2.20%. The company had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. The firm’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that American Healthcare REIT, Inc. will post 1.28 EPS for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AHR. Truist Financial boosted their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday. 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 research note on Monday, September 16th. Bank of America upped their price target on shares of American Healthcare REIT from $19.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, JMP Securities upped 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.50.

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.