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

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AHR shares. Morgan Stanley raised 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. Truist Financial boosted their target price on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America boosted their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Colliers Securities upgraded American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. Finally, KeyCorp increased their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, American Healthcare REIT presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Stock Performance

AHR traded down $0.56 during trading on Tuesday, reaching $25.91. 2,231,958 shares of the company’s stock were exchanged, compared to its average volume of 1,450,000. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $24.96 and a 200 day moving average price of $19.07.

American Healthcare REIT Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.86%.

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.