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

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

American Healthcare REIT Price Performance

Shares of American Healthcare REIT stock opened at $16.66 on Wednesday. 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 firm has a 50 day moving average of $15.41. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $17.05.

American Healthcare REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.00%.

Insiders Place Their Bets

In other news, CEO Danny Prosky purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 108,333 shares in the company, valued at $1,538,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

AHR has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of American Healthcare REIT in a research note on Thursday, May 16th. Truist Financial reiterated a “buy” rating and set a $17.00 target price (up previously from $16.00) on shares of American Healthcare REIT in a research report on Monday, July 1st. One 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.