Kessler Investment Group LLC Makes New $48,000 Investment in American Healthcare REIT, Inc. (NYSE:AHR)

Kessler Investment Group LLC bought a new stake in American Healthcare REIT, Inc. (NYSE:AHR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,842 shares of the company’s stock, valued at approximately $48,000.

Several other large investors have also modified their holdings of AHR. Fortis Group Advisors LLC purchased a new position in American Healthcare REIT in the 3rd quarter valued at $576,000. Foundations Investment Advisors LLC purchased a new position in American Healthcare REIT during the third quarter worth about $568,000. Castleview Partners LLC purchased a new stake in American Healthcare REIT in the 3rd quarter valued at approximately $494,000. Commonwealth Equity Services LLC raised its stake in shares of American Healthcare REIT by 6,875.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,605,441 shares of the company’s stock worth $41,902,000 after buying an additional 1,582,426 shares in the last quarter. Finally, Cobblestone Asset Management LLC acquired a new position in American Healthcare REIT during the third quarter worth $1,942,000. Hedge funds and other institutional investors own 16.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AHR. KeyCorp raised their price objective 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. JMP Securities raised their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. Truist Financial upped their target price on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Bank of America lifted their price target 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. Finally, 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Price Performance

NYSE:AHR traded down $0.07 during trading hours on Tuesday, reaching $24.52. 138,673 shares of the company were exchanged, compared to its average volume of 1,442,280. American Healthcare REIT, Inc. has a 52-week low of $12.63 and a 52-week high of $26.77. The stock has a 50 day simple moving average of $23.14 and a 200 day simple moving average of $17.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

American Healthcare REIT (NYSE:AHR) last issued its quarterly earnings data 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 firm had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that American Healthcare REIT, Inc. will post 1.31 earnings per share for the current year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%.

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.