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. American Healthcare REIT also updated its FY 2024 guidance to 1.400-1.430 EPS.

American Healthcare REIT Stock Down 2.0 %

AHR opened at $25.95 on Wednesday. The firm has a 50 day moving average of $24.96 and a two-hundred day moving average of $19.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.29 and a quick ratio of 0.29. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $27.21.

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 paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.85%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial upped their target price 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. KeyCorp raised their target price on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Morgan Stanley raised their price target on American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, JMP Securities upped their price target on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

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.