American Healthcare REIT (NYSE:AHR) Issues Quarterly Earnings Results, Misses Expectations By $0.28 EPS

American Healthcare REIT (NYSE:AHR) released its earnings results on Monday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28), Yahoo Finance reports. American Healthcare REIT had a negative return on equity of 3.26% and a negative net margin of 2.77%. The business had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. American Healthcare REIT updated its FY24 guidance to $1.23-1.27 EPS.

American Healthcare REIT Stock Performance

American Healthcare REIT stock opened at $16.66 on Wednesday. American Healthcare REIT has a 52 week low of $12.63 and a 52 week high of $17.05. The business’s 50-day simple moving average is $15.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33.

American Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend was Thursday, June 27th.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AHR shares. Truist Financial reissued a “buy” rating and issued a $17.00 price objective (up previously from $16.00) on shares of American Healthcare REIT in a research note on Monday, July 1st. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of American Healthcare REIT in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Insider Buying and Selling

In other American Healthcare REIT news, CEO Danny Prosky bought 25,000 shares of American Healthcare REIT stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the transaction, the chief executive officer now directly owns 108,333 shares in the company, valued at $1,538,328.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About American Healthcare REIT

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.