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

American Healthcare REIT (NYSE:AHR - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.35), Zacks reports. The business had revenue of $523.81 million for the quarter, compared to the consensus estimate of $474.26 million. American Healthcare REIT had a negative return on equity of 1.96% and a negative net margin of 1.84%. The company's revenue 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 Price Performance

Shares of AHR stock traded down $0.55 during trading hours on Thursday, hitting $26.25. 1,900,659 shares of the company's stock were exchanged, compared to its average volume of 1,456,949. American Healthcare REIT has a 12-month low of $12.63 and a 12-month high of $27.77. The company has a market capitalization of $3.46 billion and a PE ratio of -54.63. The business's 50 day simple moving average is $25.16 and its 200-day simple moving average is $19.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60.

American Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, September 20th. American Healthcare REIT's payout ratio is currently -208.33%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial increased their price objective on American Healthcare REIT from $22.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Colliers Securities raised shares of American Healthcare REIT from a "hold" rating to a "moderate buy" rating in a report on Sunday, October 13th. KeyCorp boosted their price objective on shares of American Healthcare REIT from $16.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Bank of America raised their price target on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Finally, JMP Securities upped their price target 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.