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

American Healthcare REIT, Inc. (NYSE:AHR) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,510,000 shares, an increase of 30.0% from the August 15th total of 3,470,000 shares. Based on an average trading volume of 1,640,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.4% of the shares of the stock are sold short.

American Healthcare REIT Trading Down 0.9 %

Shares of American Healthcare REIT stock traded down $0.22 on Monday, reaching $24.36. The company had a trading volume of 1,881,507 shares, compared to its average volume of 1,214,613. 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 firm’s 50-day moving average price is $18.70 and its two-hundred day moving average price is $15.77. American Healthcare REIT has a 1 year low of $12.63 and a 1 year high of $25.10.

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 the consensus estimate of $0.29 by ($0.28). The firm had revenue of $504.60 million for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that American Healthcare REIT will post 1.28 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.11%. The ex-dividend date is Friday, September 20th.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. JMP Securities boosted their target price on American Healthcare REIT from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Bank of America increased their price target on American Healthcare REIT from $19.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Truist Financial lifted their price objective on American Healthcare REIT from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, KeyCorp increased their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.38.

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.