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

American Healthcare REIT (NYSE:AHR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.40-1.43 for the period, compared to the consensus estimate of $1.26.

American Healthcare REIT Stock Performance

Shares of AHR stock traded down $0.56 during trading hours on Tuesday, hitting $25.91. The stock had a trading volume of 2,231,969 shares, compared to its average volume of 1,450,000. The stock’s 50-day moving average price is $24.96 and its two-hundred day moving average price is $19.07. American Healthcare REIT has a one year low of $12.63 and a one year high of $27.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.86%.

Analyst Ratings Changes

AHR has been the subject of several research reports. Morgan Stanley lifted their target price on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. KeyCorp lifted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Bank of America raised their price objective 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. JMP Securities increased their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Finally, Truist Financial raised their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

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.