Kiely Wealth Advisory Group Inc. Invests $30,000 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, Holdings Channel reports. The institutional investor bought 2,032 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of American Healthcare REIT during the first quarter worth about $88,504,000. Centersquare Investment Management LLC purchased a new stake in American Healthcare REIT during the 1st quarter worth approximately $63,269,000. V3 Capital Management L.P. purchased a new position in shares of American Healthcare REIT in the first quarter worth $42,337,000. Goldentree Asset Management LP purchased a new stake in shares of American Healthcare REIT during the first quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of American Healthcare REIT in the 1st quarter valued at $20,381,000. 16.68% of the stock is currently owned by hedge funds and other institutional investors.

American Healthcare REIT Stock Up 2.0 %

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

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $504.60 million during the quarter, compared to analysts’ expectations of $506.55 million. The business’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that American Healthcare REIT, Inc. will post 1.28 EPS for the current year.

American Healthcare REIT Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on AHR shares. KeyCorp boosted their price target on 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 increased 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. Truist Financial lifted their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities increased their price objective 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. Finally, Morgan Stanley raised their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.