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

American Healthcare REIT (NYSE:AHR) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28), Yahoo Finance reports. The business had revenue of $504.60 million during the quarter, compared to analyst estimates of $506.55 million. American Healthcare REIT had a negative net margin of 2.77% and a negative return on equity of 3.26%. The business’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 Price Performance

NYSE:AHR traded up $0.13 during midday trading on Wednesday, hitting $16.80. 721,838 shares of the company were exchanged, compared to its average volume of 1,050,131. American Healthcare REIT has a fifty-two week low of $12.63 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a fifty day moving average of $15.41.

American Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Thursday, June 27th.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Truist Financial reissued a “buy” rating and set a $17.00 target price (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 issued a $16.00 price objective 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 given a buy rating to the company’s stock. Based on data from MarketBeat, American Healthcare REIT currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Insider Buying and Selling at American Healthcare REIT

In other news, CEO Danny Prosky purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average price of $14.20 per share, for a total transaction of $355,000.00. Following the purchase, the chief executive officer now directly owns 108,333 shares of the company’s stock, valued at approximately $1,538,328.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.