American Healthcare REIT (NYSE:AHR) Posts Earnings Results, Misses Expectations By $0.35 EPS

American Healthcare REIT (NYSE:AHR) released its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.35), Zacks reports. American Healthcare REIT had a negative net margin of 1.84% and a negative return on equity of 1.96%. The firm had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The business’s revenue was up 12.8% on a year-over-year basis. American Healthcare REIT updated its FY24 guidance to $1.40-1.43 EPS and its FY 2024 guidance to 1.400-1.430 EPS.

American Healthcare REIT Stock Down 2.1 %

NYSE:AHR opened at $26.25 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $3.46 billion and a P/E ratio of -54.69. The company’s 50-day simple moving average is $25.16 and its 200-day simple moving average is $19.21. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.77.

American Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, September 20th. American Healthcare REIT’s payout ratio is currently -208.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AHR shares. KeyCorp lifted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Morgan Stanley boosted their target price on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Truist Financial boosted 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 report on Friday, September 20th. Finally, Bank of America lifted 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 note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus price target 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.