American Healthcare REIT (NYSE:AHR) Updates 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of American Healthcare REIT from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JMP Securities raised their target price on shares of American Healthcare REIT from $18.00 to $30.00 and gave the company a “market outperform” rating in a research note on Friday, September 20th. KeyCorp upped their price target on shares of American Healthcare REIT from $16.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Colliers Securities raised American Healthcare REIT from a “hold” rating to a “moderate buy” rating in a research report on Sunday, October 13th. Finally, Morgan Stanley upped their target price on American Healthcare REIT from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Healthcare REIT has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

American Healthcare REIT Price Performance

Shares of AHR traded down $0.52 during trading on Tuesday, reaching $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 debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.29. The company has a fifty day moving average of $24.96 and a two-hundred 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 Announces Dividend

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