Short Interest in American Healthcare REIT, Inc. (NYSE:AHR) Grows By 28.6%

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 8,190,000 shares, a growth of 28.6% from the March 15th total of 6,370,000 shares. Based on an average trading volume of 1,800,000 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.3% of the shares of the company are sold short.

American Healthcare REIT Trading Up 2.2 %

Shares of NYSE:AHR traded up $0.67 during midday trading on Thursday, hitting $31.08. 1,821,073 shares of the stock traded hands, compared to its average volume of 1,768,277. American Healthcare REIT has a one year low of $13.35 and a one year high of $31.61. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The business's 50 day moving average is $29.39 and its two-hundred day moving average is $28.16. The stock has a market capitalization of $4.90 billion, a PE ratio of -64.75, a P/E/G ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, March 31st. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analyst Weigh In

AHR has been the topic of several research reports. Morgan Stanley upped their target price on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp lowered their target price on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $34.00 price objective on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $33.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of American Healthcare REIT by 94.8% in the fourth quarter. Vanguard Group Inc. now owns 15,357,331 shares of the company's stock valued at $436,455,000 after acquiring an additional 7,474,374 shares during the period. Principal Financial Group Inc. increased its stake in shares of American Healthcare REIT by 29.0% during the fourth quarter. Principal Financial Group Inc. now owns 12,238,887 shares of the company's stock worth $347,831,000 after purchasing an additional 2,750,137 shares in the last quarter. Deutsche Bank AG increased its stake in shares of American Healthcare REIT by 2.3% in the 4th quarter. Deutsche Bank AG now owns 4,310,788 shares of the company's stock worth $122,513,000 after acquiring an additional 94,925 shares during the last quarter. Geode Capital Management LLC raised its position in American Healthcare REIT by 46.4% in the fourth quarter. Geode Capital Management LLC now owns 3,699,793 shares of the company's stock valued at $105,171,000 after purchasing an additional 1,172,670 shares during the period. Finally, Prudential Financial Inc. lifted its stake in American Healthcare REIT by 13.6% during the fourth quarter. Prudential Financial Inc. now owns 3,521,182 shares of the company's stock worth $100,072,000 after purchasing an additional 422,869 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company's stock.

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.