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

American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) was the target 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 daily volume of 1,800,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 5.3% of the company's stock are short sold.

Hedge Funds Weigh In On American Healthcare REIT

Several hedge funds have recently made changes to their positions in AHR. Sequoia Financial Advisors LLC purchased a new stake in shares of American Healthcare REIT in the 1st quarter valued at about $476,000. Pure Financial Advisors LLC grew its position in shares of American Healthcare REIT by 8.1% during the first quarter. Pure Financial Advisors LLC now owns 9,245 shares of the company's stock worth $280,000 after acquiring an additional 690 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of American Healthcare REIT by 40.9% in the 1st quarter. Perigon Wealth Management LLC now owns 32,563 shares of the company's stock valued at $987,000 after acquiring an additional 9,449 shares during the period. Golden State Wealth Management LLC raised its position in American Healthcare REIT by 66.3% in the 1st quarter. Golden State Wealth Management LLC now owns 20,654 shares of the company's stock valued at $626,000 after purchasing an additional 8,236 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new stake in American Healthcare REIT during the 1st quarter worth $1,866,000. Hedge funds and other institutional investors own 16.68% of the company's stock.

American Healthcare REIT Stock Up 0.8 %

American Healthcare REIT stock traded up $0.24 during mid-day trading on Wednesday, hitting $30.41. The company had a trading volume of 1,040,928 shares, compared to its average volume of 1,762,642. The business has a fifty day moving average of $29.39 and a 200 day moving average of $28.16. American Healthcare REIT has a 1 year low of $13.35 and a 1 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 stock has a market cap of $4.79 billion, a price-to-earnings ratio of -63.35, a PEG ratio of 1.57 and a beta of 1.42.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.29%. American Healthcare REIT's dividend payout ratio (DPR) is presently -370.37%.

Wall Street Analyst Weigh In

AHR has been the topic of a number of research reports. JMP Securities set a $35.00 target price on shares of American Healthcare REIT in a report on Tuesday, March 4th. KeyCorp decreased 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 set a $34.00 target price on shares of American Healthcare REIT in a research note on Wednesday, March 19th. Morgan Stanley lifted their price objective on American Healthcare REIT from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, Citigroup reaffirmed 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, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of "Buy" and an average target price of $33.33.

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.