American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 4,940,000 shares, a decrease of 33.6% from the April 30th total of 7,440,000 shares. Approximately 3.1% of the company's stock are sold short. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is currently 2.6 days.
Institutional Trading of American Healthcare REIT
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new position in shares of American Healthcare REIT in the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of American Healthcare REIT by 189.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock valued at $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of American Healthcare REIT in the 1st quarter valued at $30,000. Richardson Capital Management LLC bought a new stake in shares of American Healthcare REIT in the 4th quarter worth about $29,000. Finally, Avalon Trust Co bought a new position in American Healthcare REIT during the 1st quarter valued at about $36,000. Institutional investors own 16.68% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on AHR shares. Jefferies Financial Group started coverage on American Healthcare REIT in a report on Monday, April 28th. They set a "buy" rating and a $37.00 target price on the stock. JMP Securities set a $35.00 target price on American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $34.00 price target on shares of American Healthcare REIT in a report on Wednesday, March 19th. KeyCorp reduced their price objective on shares of American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Citigroup reiterated an "outperform" rating on shares of American Healthcare REIT in a research note on Tuesday, March 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $35.00.
Check Out Our Latest Analysis on American Healthcare REIT
American Healthcare REIT Stock Performance
NYSE:AHR traded down $0.02 during trading hours on Wednesday, hitting $34.46. 398,299 shares of the company traded hands, compared to its average volume of 1,858,403. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $31.98 and a 200 day moving average of $29.80. American Healthcare REIT has a twelve month low of $14.32 and a twelve month high of $35.97. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -71.79, a P/E/G ratio of 1.57 and a beta of 1.40.
American Healthcare REIT (NYSE:AHR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $540.60 million during the quarter, compared to the consensus estimate of $542.32 million. American Healthcare REIT had a negative return on equity of 1.87% and a negative net margin of 1.84%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, analysts forecast that American Healthcare REIT will post 1.41 EPS for the current year.
American Healthcare REIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Monday, March 31st. American Healthcare REIT's payout ratio is -370.37%.
American Healthcare REIT Company Profile
(
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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.
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