American Healthcare REIT, Inc. (NYSE:AHR) Sees Large Drop in Short Interest

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 4,940,000 shares, a drop of 33.6% from the April 30th total of 7,440,000 shares. Based on an average trading volume of 1,930,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AHR. Royal Bank of Canada restated an "outperform" rating and issued a $34.00 target price on shares of American Healthcare REIT in a research report on Wednesday, March 19th. Jefferies Financial Group began coverage on American Healthcare REIT in a research report on Monday, April 28th. They set a "buy" rating and a $37.00 price objective on the stock. JMP Securities set a $35.00 price objective on American Healthcare REIT in a research report on Tuesday, March 4th. KeyCorp reduced their price objective on American Healthcare REIT from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Morgan Stanley lifted their price objective on American Healthcare REIT from $37.00 to $45.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 20th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $35.00.

Institutional Investors Weigh In On American Healthcare REIT

A number of institutional investors have recently modified their holdings of AHR. Wolff Wiese Magana LLC acquired a new stake in shares of American Healthcare REIT in the first quarter valued at $25,000. Richardson Capital Management LLC acquired a new position in American Healthcare REIT during the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB grew its stake in American Healthcare REIT by 189.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 968 shares of the company's stock worth $29,000 after purchasing an additional 633 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in American Healthcare REIT during the 1st quarter worth $30,000. Finally, Avalon Trust Co acquired a new position in American Healthcare REIT during the 1st quarter worth $36,000. 16.68% of the stock is owned by institutional investors and hedge funds.

American Healthcare REIT Trading Up 0.2%

NYSE:AHR traded up $0.08 on Monday, reaching $35.02. The company's stock had a trading volume of 925,820 shares, compared to its average volume of 1,862,421. American Healthcare REIT has a 12-month low of $14.32 and a 12-month high of $35.97. 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 firm has a market cap of $5.59 billion, a price-to-earnings ratio of -72.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The stock has a 50 day moving average price of $31.89 and a 200 day moving average price of $29.77.

American Healthcare REIT (NYSE:AHR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. 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 $540.60 million during the quarter, compared to analysts' expectations of $542.32 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that American Healthcare REIT will post 1.41 EPS for the current fiscal year.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. American Healthcare REIT's payout ratio is presently -370.37%.

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.