American Healthcare REIT, Inc. (NYSE:AHR) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in American Healthcare REIT by 2.6% during the second quarter. Principal Financial Group Inc. now owns 6,158,036 shares of the company’s stock valued at $89,970,000 after acquiring an additional 157,762 shares during the last quarter. Centersquare Investment Management LLC acquired a new stake in American Healthcare REIT during the first quarter worth approximately $63,269,000. V3 Capital Management L.P. bought a new stake in American Healthcare REIT in the first quarter worth approximately $42,337,000. Land & Buildings Investment Management LLC lifted its stake in American Healthcare REIT by 19.3% in the second quarter. Land & Buildings Investment Management LLC now owns 1,797,400 shares of the company’s stock valued at $26,260,000 after buying an additional 290,740 shares during the period. Finally, Goldentree Asset Management LP bought a new position in shares of American Healthcare REIT during the 1st quarter worth approximately $22,125,000. 16.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AHR has been the topic of several research analyst reports. Bank of America upped their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. KeyCorp lifted their price objective 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. Truist Financial raised their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, 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 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 presently has an average rating of “Moderate Buy” and an average target price of $23.00.

American Healthcare REIT Trading Down 0.2 %

American Healthcare REIT stock traded down $0.04 during mid-day trading on Friday, reaching $26.12. 3,666,096 shares of the company were exchanged, compared to its average volume of 1,442,615. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day simple moving average of $20.41 and a 200-day simple moving average of $16.48. 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 released its earnings results on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.28). The business had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT had a negative return on equity of 2.20% and a negative net margin of 1.99%. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that American Healthcare REIT will post 1.29 EPS for the current year.

American Healthcare REIT Dividend Announcement

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

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.