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

American Healthcare REIT (NYSE:AHR) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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.

Wall Street Analysts Forecast Growth

AHR has been the topic of a number of research reports. Truist Financial raised their price target on American Healthcare REIT from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. JMP Securities boosted their target price on American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a report on Friday, September 20th. Morgan Stanley increased their price target on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Bank of America boosted their price objective on shares of American Healthcare REIT from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.00.

American Healthcare REIT Trading Down 2.0 %

Shares of AHR stock traded down $0.52 during trading hours on Tuesday, hitting $25.95. The company’s stock had a trading volume of 2,239,520 shares, compared to its average volume of 1,450,039. 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 has a fifty day moving average of $24.96 and a 200-day moving average of $19.07. 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 business 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 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, September 20th.

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.