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

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

American Healthcare REIT Trading Up 0.5 %

American Healthcare REIT stock traded up $0.13 during mid-day trading on Friday, hitting $28.47. 1,528,920 shares of the company’s stock were exchanged, compared to its average volume of 1,527,853. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $29.99. The company’s 50 day simple moving average is $26.83 and its 200-day simple moving average is $21.42. The firm has a market capitalization of $4.36 billion and a P/E ratio of -59.31. 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 (NYSE:AHR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.35). The business had revenue of $523.81 million during the quarter, compared to analyst estimates of $474.26 million. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.87%. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts anticipate that American Healthcare REIT will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Morgan Stanley increased their price objective 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 raised 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. Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Truist Financial raised their price target on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AHR. Wellington Management Group LLP grew its position in shares of American Healthcare REIT by 25.7% in the third quarter. Wellington Management Group LLP now owns 13,445,752 shares of the company’s stock valued at $350,934,000 after purchasing an additional 2,747,960 shares during the last quarter. Principal Financial Group Inc. increased its position in American Healthcare REIT by 54.1% during the 3rd quarter. Principal Financial Group Inc. now owns 9,488,750 shares of the company’s stock worth $247,654,000 after buying an additional 3,330,714 shares during the period. State Street Corp lifted its holdings in shares of American Healthcare REIT by 221.6% during the third quarter. State Street Corp now owns 3,683,691 shares of the company’s stock worth $96,473,000 after buying an additional 2,538,177 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Healthcare REIT by 76.4% during the third quarter. Geode Capital Management LLC now owns 2,527,123 shares of the company’s stock worth $65,975,000 after buying an additional 1,094,296 shares in the last quarter. Finally, FMR LLC bought a new stake in shares of American Healthcare REIT in the third quarter valued at about $56,575,000. Institutional investors and hedge funds 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.