American Healthcare REIT (NYSE:AHR) Releases FY 2024 Earnings Guidance

American Healthcare REIT (NYSE:AHR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.400-1.430 for the period, compared to the consensus estimate of 1.280. The company issued revenue guidance of -. American Healthcare REIT also updated its FY24 guidance to $1.40-1.43 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AHR shares. JMP Securities upped their price objective on shares of American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America upped their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Truist Financial raised their target price on American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Colliers Securities upgraded shares of American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research note on Sunday, October 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

American Healthcare REIT Stock Performance

AHR stock opened at $25.95 on Wednesday. The business’s fifty day moving average is $24.96 and its 200-day moving average is $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 twelve month low of $12.63 and a twelve month high of $27.21.

American Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, September 20th.

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.