American Healthcare REIT, Inc. (NYSE:AHR) Short Interest Update

American Healthcare REIT, Inc. (NYSE:AHR) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 6,650,000 shares, a growth of 47.5% from the August 31st total of 4,510,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.4% of the company’s stock are short sold.

Analyst Ratings Changes

Several brokerages have issued reports on AHR. Truist Financial increased their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Bank of America lifted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. KeyCorp boosted their price target 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. Morgan Stanley raised their price objective on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, JMP Securities boosted 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 report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Stock Performance

Shares of NYSE AHR traded down $0.04 during trading on Friday, hitting $26.12. The stock had a trading volume of 3,666,096 shares, compared to its average volume of 1,442,615. The firm has a fifty day moving average of $20.41 and a two-hundred day moving average of $16.48. 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 has a 12 month low of $12.63 and a 12 month high of $26.77.

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 analysts’ consensus estimates of $0.29 by ($0.28). American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The firm had revenue of $504.60 million during the quarter, compared to the consensus estimate of $506.55 million. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that American Healthcare REIT will post 1.29 EPS for the current fiscal year.

American Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AHR. Principal Financial Group Inc. bought a new position in shares of American Healthcare REIT during the 1st quarter valued at approximately $88,504,000. Centersquare Investment Management LLC bought a new position in American Healthcare REIT during the first quarter valued at $63,269,000. V3 Capital Management L.P. purchased a new stake in American Healthcare REIT in the first quarter worth $42,337,000. Goldentree Asset Management LP bought a new stake in shares of American Healthcare REIT in the first quarter valued at $22,125,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of American Healthcare REIT during the 1st quarter valued at $20,381,000. Institutional investors own 16.68% of the company’s stock.

About American Healthcare REIT

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.