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

American Healthcare REIT, Inc. (NYSE:AHR) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 6,960,000 shares, a growth of 30.6% from the November 15th total of 5,330,000 shares. Currently, 4.6% of the company’s shares are short sold. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 3.1 days.

American Healthcare REIT Stock Performance

AHR stock traded up $0.13 during midday trading on Friday, hitting $28.47. The company’s stock had a trading volume of 1,528,920 shares, compared to its average volume of 1,527,853. The stock’s 50-day moving average price is $26.83 and its 200 day moving average price is $21.47. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $29.99. The stock has a market cap of $4.36 billion and a price-to-earnings ratio of -59.31.

American Healthcare REIT (NYSE:AHR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35). American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The business had revenue of $523.81 million during the quarter, compared to analysts’ expectations of $474.26 million. American Healthcare REIT’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that American Healthcare REIT will post 1.42 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AHR shares. JMP Securities raised their price objective on 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. Morgan Stanley raised their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lifted their target price on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. Finally, KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Institutional Trading of American Healthcare REIT

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of American Healthcare REIT by 13.7% in the third quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock valued at $4,129,000 after buying an additional 20,174 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of American Healthcare REIT in the third quarter valued at $28,000. World Investment Advisors LLC bought a new stake in shares of American Healthcare REIT in the third quarter valued at $946,000. Sanctuary Advisors LLC bought a new stake in shares of American Healthcare REIT in the third quarter valued at $293,000. Finally, Fulcrum Equity Management bought a new stake in shares of American Healthcare REIT in the third quarter valued at $259,000. 16.68% of the stock is currently owned by institutional investors.

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.