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 guidance of 1.400-1.430 for the period, compared to the consensus earnings per share estimate of 1.280. The company issued revenue guidance of -. American Healthcare REIT also updated its FY24 guidance to $1.40-1.43 EPS.

American Healthcare REIT Stock Performance

AHR stock opened at $25.95 on Wednesday. The company has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $19.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.60. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $27.21.

American Healthcare REIT Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on 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 lifted their price target on shares of American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a report on Sunday, October 13th. JMP Securities boosted their price objective on American Healthcare REIT from $18.00 to $30.00 and gave the stock a “market outperform” rating in a report on Friday, September 20th. Finally, KeyCorp upped 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. 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, American Healthcare REIT presently has an average rating of “Moderate Buy” and an average target price 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.