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

American Healthcare REIT (NYSE:AHR) posted its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.35), Zacks reports. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The firm had revenue of $523.81 million for the quarter, compared to analysts’ expectations of $474.26 million. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. 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 1.8 %

American Healthcare REIT stock traded down $0.47 during mid-day trading on Thursday, reaching $26.33. 673,455 shares of the company were exchanged, compared to its average volume of 1,450,656. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $27.77. The business has a fifty day moving average of $25.16 and a 200 day moving average of $19.21. The firm has a market cap of $3.47 billion and a P/E ratio of -55.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29.

American Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, September 20th. American Healthcare REIT’s payout ratio is -208.33%.

Analyst Ratings Changes

A number of research firms recently commented on AHR. Colliers Securities raised shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. KeyCorp boosted their target price on American Healthcare REIT from $16.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Bank of America increased their price target on American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. JMP Securities raised their price target on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, September 20th. Finally, Truist Financial upped their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average price target 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.