American Healthcare REIT (NYSE:AHR) Releases Quarterly Earnings Results

American Healthcare REIT (NYSE:AHR) posted its earnings results on Monday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.28), Yahoo Finance reports. American Healthcare REIT had a negative return on equity of 3.26% and a negative net margin of 2.77%. The firm had revenue of $504.60 million for the quarter, compared to the consensus estimate of $506.55 million. American Healthcare REIT’s quarterly 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 Stock Up 1.6 %

American Healthcare REIT stock traded up $0.26 during mid-day trading on Wednesday, reaching $16.93. The company’s stock had a trading volume of 495,588 shares, compared to its average volume of 1,048,321. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $17.05. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $15.41.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 5.91%.

Insider Activity at American Healthcare REIT

In other American Healthcare REIT news, CEO Danny Prosky acquired 25,000 shares of American Healthcare REIT stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $14.20 per share, for a total transaction of $355,000.00. Following the purchase, the chief executive officer now owns 108,333 shares of the company’s stock, valued at $1,538,328.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

AHR has been the topic of several recent analyst reports. Truist Financial reissued 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. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of American Healthcare REIT in a research note on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

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.