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

American Healthcare REIT (NYSE:AHR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.40-1.43 for the period, compared to the consensus estimate of $1.26. American Healthcare REIT also updated its FY 2024 guidance to 1.400-1.430 EPS.

American Healthcare REIT Price Performance

NYSE:AHR opened at $26.81 on Thursday. 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’s 50-day moving average price is $25.16 and its 200 day moving average price is $19.21. American Healthcare REIT has a 52-week low of $12.63 and a 52-week high of $27.77. The firm has a market cap of $3.53 billion and a P/E ratio of -55.84.

American Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were issued a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.73%. American Healthcare REIT’s payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Friday, September 20th. Bank of America increased their price target on American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. KeyCorp boosted their price objective on American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently 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.