Short Interest in American Healthcare REIT, Inc. (NYSE:AHR) Rises By 30.6%

American Healthcare REIT, Inc. (NYSE:AHR) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.6% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AHR. JMP Securities upped their price objective on shares of 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. Bank of America increased their price objective on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley boosted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, KeyCorp boosted their price target on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Institutional Trading of American Healthcare REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of American Healthcare REIT in the 3rd quarter valued at $28,000. Kozak & Associates Inc. acquired a new position in American Healthcare REIT in the third quarter worth about $28,000. Quarry LP bought a new position in American Healthcare REIT during the third quarter worth about $33,000. Tidemark LLC bought a new position in American Healthcare REIT during the third quarter worth about $44,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in American Healthcare REIT during the third quarter valued at approximately $45,000. 16.68% of the stock is currently owned by institutional investors and hedge funds.

American Healthcare REIT Stock Performance

Shares of American Healthcare REIT stock traded up $0.13 on Friday, reaching $28.47. The stock had a trading volume of 1,528,920 shares, compared to its average volume of 1,527,853. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $21.42. The stock has a market cap of $4.36 billion and a P/E ratio of -59.31. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $29.99.

American Healthcare REIT (NYSE:AHR) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.35). The firm had revenue of $523.81 million for the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. American Healthcare REIT’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that American Healthcare REIT will post 1.42 EPS for the current year.

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.