American Healthcare REIT (NYSE:AHR) Releases Earnings Results, Misses Expectations By $0.28 EPS

American Healthcare REIT (NYSE:AHR) released its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28), Yahoo Finance reports. American Healthcare REIT had a negative return on equity of 3.26% and a negative net margin of 2.77%. The business had revenue of $504.60 million for the quarter, compared to analyst estimates of $506.55 million. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. American Healthcare REIT updated its FY24 guidance to $1.23-1.27 EPS.

American Healthcare REIT Trading Up 1.7 %

NYSE AHR traded up $0.28 during trading hours on Wednesday, hitting $16.95. 545,647 shares of the company’s stock were exchanged, compared to its average volume of 1,048,721. The firm has a 50-day moving average of $15.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33. American Healthcare REIT has a 1-year low of $12.63 and a 1-year high of $17.05.

American Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 5.90%.

Insiders Place Their Bets

In other news, CEO Danny Prosky purchased 25,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the completion of the acquisition, the chief executive officer now owns 108,333 shares in the company, valued at $1,538,328.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial restated a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of American Healthcare REIT in a research note on Monday, July 1st. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of American Healthcare REIT in a research note on Thursday, May 16th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, American Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

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.