By otakuyassine3@gmail.com 
American Healthcare REIT, Inc. (NYSE:AHR – Get Free Report) 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. Based on an average daily volume of 2,270,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 4.6% of the shares of the company are sold short.
Analysts Set New Price Targets
AHR has been the topic of several research reports. Bank of America boosted their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley boosted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. 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. Truist Financial boosted their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, JMP Securities lifted their target price on 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.
Get Our Latest Analysis on AHR
American Healthcare REIT Stock Performance
Shares of AHR stock traded up $0.13 during trading hours on Friday, reaching $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 stock has a market capitalization of $4.36 billion and a P/E ratio of -59.31. The business has a fifty day moving average price of $26.83 and a 200-day moving average price of $21.47. 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $474.26 million. The company’s revenue was up 12.8% compared to the same quarter last year. Analysts predict that American Healthcare REIT will post 1.42 EPS for the current fiscal year.
Institutional Trading of American Healthcare REIT
Several large investors have recently made changes to their positions in AHR. Franklin Resources Inc. boosted its holdings in American Healthcare REIT by 13.7% in the third quarter. Franklin Resources Inc. now owns 167,185 shares of the company’s stock valued at $4,129,000 after acquiring an additional 20,174 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in American Healthcare REIT in the third quarter valued at about $28,000. World Investment Advisors LLC acquired a new position in American Healthcare REIT in the third quarter valued at about $946,000. Sanctuary Advisors LLC acquired a new position in American Healthcare REIT in the third quarter valued at about $293,000. Finally, Fulcrum Equity Management acquired a new position in American Healthcare REIT in the third quarter valued at about $259,000. 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.
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