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

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. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 2,270,000 shares, the short-interest ratio is currently 3.1 days.

American Healthcare REIT Stock Up 0.5 %

Shares of American Healthcare REIT stock traded up $0.13 during trading on Friday, hitting $28.47. 1,528,920 shares of the stock traded hands, compared to its average volume of 1,527,853. The company has a fifty day moving average price of $26.83 and a two-hundred day moving average price of $21.47. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $29.99. The stock has a market cap of $4.36 billion and a P/E ratio of -59.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37.

American Healthcare REIT (NYSE:AHR) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS 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 the consensus estimate of $474.26 million. American Healthcare REIT’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts predict that American Healthcare REIT will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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 note on Friday, September 20th. KeyCorp lifted their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their price target on American Healthcare REIT from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

Hedge Funds Weigh In On American Healthcare REIT

Hedge funds have recently bought and sold shares of the business. Kozak & Associates Inc. bought a new stake in shares of American Healthcare REIT during the 3rd quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new stake in American Healthcare REIT in the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in American Healthcare REIT during the second quarter worth approximately $30,000. Amalgamated Bank acquired a new position in American Healthcare REIT during the second quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $33,000. 16.68% of the stock is owned by institutional investors and hedge funds.

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.