American Healthcare REIT (NYSE:AHR) Releases FY24 Earnings Guidance

American Healthcare REIT (NYSE:AHR) issued an update on its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $1.23-1.27 for the period, compared to the consensus earnings per share estimate of $1.20.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AHR shares. JMP Securities reaffirmed a market outperform rating and set a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. Truist Financial reiterated a buy rating and issued a $17.00 target price (up previously from $16.00) on shares of American Healthcare REIT in a research note on Monday, July 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $16.00.

American Healthcare REIT Price Performance

Shares of NYSE AHR traded up $0.19 during mid-day trading on Wednesday, hitting $16.86. The stock had a trading volume of 668,068 shares, compared to its average volume of 1,049,701. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50 day moving average price is $15.41. American Healthcare REIT has a twelve month low of $12.63 and a twelve month high of $17.05.

American Healthcare REIT (NYSE:AHR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28). The business had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative net margin of 2.77% and a negative return on equity of 3.26%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that American Healthcare REIT will post 1.2 earnings per share for the current year.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 5.93%.

Insider Activity

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were bought at an average cost of $14.20 per share, with a total value of $355,000.00. Following the completion of the acquisition, the chief executive officer now owns 108,333 shares in the company, valued at $1,538,328.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.