American Healthcare REIT, Inc. (AHR) Stock Price & Analysis

American Healthcare REIT, Inc. (AHR) closed at USD 52.94 on Thursday, October 29, 2026, up 2.80% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 51.5; the Oct 29, 2026 session ranged USD 51.56–53.11 on volume of 3,845,373 shares. Market capitalization is $11.54B, with a 52-week range of USD 44.41–58.7 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 20:30 UTC.

Also available as compact Markdown for AI agents: nexqual.com/AHR.md

Key facts (AHR)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AHR)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$1.12B$1.41B$1.87B$2.07B$2.26B$2.50B
Gross profit$93.7M$131M$364M$417M$467M—
Operating income$213M$302M$307M$364M$415M$480M
Net income-$47.8M-$81.3M-$71.5M-$37.8M$69.8M$121M
EPS (diluted)-$0.95-$1.24-$1.08-$0.29$0.42—
Free cash flow—$140M————
Gross margin8.3%9.3%19.5%20.1%20.6%—
Operating margin19.0%21.4%16.4%17.6%18.4%19.2%
Net margin-4.3%-5.8%-3.8%-1.8%3.1%4.8%
Revenue growth+5.1%+25.6%+32.2%+10.9%+9.1%—
Cash + short-term investments$81.6M$65.1M$43.4M$76.7M$115M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (AHR)

P/E 95.4x · P/E ex non-operating (est.) ≈63.2x · P/S 4.6x · P/B 3.1x · Earnings yield 1.05% · Dividend yield (paid, TTM) 1.55%

P/E at fiscal year-ends: Dec 2025 112.5x.

Analysts (AHR)

Consensus Buy (mean 1.63 on a 1–5 scale), 16 analysts; mean target USD 63.69 (low 55, high 74).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-13UBSTarget loweredBuy$63 → $62
2026-10-13BarclaysTarget loweredOverweight$66 → $60
2026-10-13Raymond JamesInitiatedStrong Buy$62
2026-09-02ScotiabankTarget raisedSector Outperform$56 → $62
2026-08-31BarclaysTarget raisedOverweight$61 → $66
2026-08-19KeybancTarget raisedOverweight$58 → $68
2026-08-14Truist SecuritiesTarget raisedBuy$57 → $61
2026-08-14RBC CapitalTarget raisedOutperform$56 → $61
2026-08-13CitigroupTarget raisedBuy$55 → $65
2026-07-27CitizensTarget raisedMarket Outperform$60 → $65
2026-07-21Compass PointInitiatedBuy$70
2026-07-08UBSTarget raisedBuy$60 → $63

AHR earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
—Quarter ended Jun 30, 2026$0.15$0.14Beat +7.1%—
—Quarter ended Mar 31, 2026$0.14$0.15Miss −6.7%—
—Quarter ended Dec 31, 2025$0.14$0.15Miss −6.7%—
—Quarter ended Sep 30, 2025$0.27$0.15Beat +80.0%—

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

AHR recent SEC filings (last 120 days)

FiledFormWhat it says
Sep 18, 20268-KRegulation FD disclosure; Other material event
“On September 18, 2026, our board of directors authorized a distribution to holders of our common stock of record as of the close of business on September 30, 2026, for the quarter commencing on July 1, 2026 and ending on September 30, 2026. The quarterly distribution will be equal to $0.25 per share of our common stock, which is equal to an annualized distribution rate of $1.00 per share. The third quarter distribution will be paid in cash on or about October 16, 2026, only from legally available funds.”
Sep 14, 20268-KRegulation FD disclosure
Sep 2, 20268-KDirector or executive officer change, or pay arrangement; Regulation FD disclosure
“On September 2, 2026, we announced the appointment of Aric Chang as our Chief Financial Officer, effective October 1, 2026, following the September 2, 2026 notification by Brian S. Peay of his decision to retire as Chief Financial Officer, effective September 30, 2026. Aric Chang, age 47, has served as Chief Financial Officer, Real Estate at Public Storage (NYSE: PSA), an S&P 500 real estate company, since May 2023, where he has led teams spanning real estate and corporate finance, financial planning and analysis,…”
Sep 1, 20268-KRegulation FD disclosure
Aug 24, 20268-KOther material event
“As previously announced, on August 12, 2026, we closed the public offering of 13,250,000 shares, or the Offering, of our common stock, $0.01 par value per share, or Common Stock. In connection with the Offering, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and KeyBanc Capital Markets Inc., as underwriters, or in such capacities, the Underwriters, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and KeyBanc Capital Markets Inc., as forward sellers, or in such capacities, the Forward Sellers, and…”
Aug 12, 20268-KOther material event
“On August 12, 2026, we closed the public offering of 13,250,000 shares, or the Offering, of our common stock, $0.01 par value per share, or Common Stock. In connection with the Offering, we and American Healthcare REIT Holdings, LP, or our Operating Partnership, entered into an underwriting agreement on August 10, 2026, or the Underwriting Agreement, with Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and KeyBanc Capital Markets Inc., as underwriters, or in such capacities, the Underwriters, Morgan…”
Aug 10, 20268-KEntered a material agreement
“On August 10, 2026, or the Effective Date, we, through our operating partnership, American Healthcare REIT Holdings, LP, a Delaware limited partnership, or Buyer, entered into: (i) a purchase agreement, or the Portfolio Agreement, with Kensington Senior Living, LLC, a Virginia limited liability company, or Manager, White Plains Kensington Borrower, LLC, a New York limited liability company, White Plains Kensington, LLC, a New York limited liability company, Kensington SM GP LLC, a California limited liability…”
Aug 7, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 7, 2026Schedule 13GSTATE STREET CORPORATION: 4.3% of shares, passive 5%+ holder
Aug 6, 20268-KQuarterly results; Regulation FD disclosure
Jul 27, 2026Schedule 13G/ABlackRock, Inc.: 11.5% of shares, passive 5%+ holder (amended)
Jul 22, 20268-KDirector or executive officer change, or pay arrangement; Regulation FD disclosure
“Chief Executive Officer Transition On July 20, 2026, Danny Prosky notified American Healthcare REIT, Inc. (the "Company") of his decision to retire as Chief Executive Officer and President of the Company, effective as of July 21, 2026. Mr. Prosky will continue to serve as a member of the board of directors of the Company (the "Board"), and will commence participation in the Company's non-employee director compensation program following such retirement. In connection with Mr. Prosky's retirement, he will be…”

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

AHR analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.16$0.15+6.7%$724.8M1
Next quarter (ends Dec 2026)$0.20$0.14+42.9%$773.9M1
Current fiscal year (ends Dec 2026)$0.62$0.59+4.2%$2.81B5
Next fiscal year (ends Dec 2027)$0.99$0.91+9.4%$3.29B1

Key Statistics (as of October 29, 2026 at 20:30 UTC)

PriceUSD 52.94
Change▲ 2.80% (up)
Previous CloseUSD 51.5
OpenUSD 52.14
Day RangeUSD 51.56 – 53.11
52-Week RangeUSD 44.41 – 58.7
Volume3,845,373 shares
Market Cap$11.54B
ExchangeNYQ

Analyst Ratings (AHR)

Wall Street analysts rate AHR "Buy" based on 16 analysts, with a mean price target of USD 63.69 (range USD 55–74), per Nexqual as of October 29, 2026 at 20:30 UTC.

Consensus RatingBuy
Analyst Count16
Mean TargetUSD 63.69
High TargetUSD 74
Low TargetUSD 55
Buy / Hold / Sell16 / 0 / 0

Earnings (AHR)

Next Earnings Date2026-11-05
EPS EstimateUSD 0.16
Revenue Estimate$724.84M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.15 vs est 0.14 ▲ beat
2026-03-31USD 0.14 vs est 0.15 ▼ miss
2025-12-31USD 0.14 vs est 0.15 ▼ miss
2025-09-30USD 0.27 vs est 0.15 ▲ beat

Source: Nexqual, October 29, 2026 at 20:30 UTC.

Financials & Fundamentals (AHR)

Total Revenue$2.50B
Revenue Growth (latest quarter, YoY)+24.70%
Gross Margin+19.28%
Operating Margin+6.83%
Profit Margin+4.83%
ROE+3.95%
Debt / Equity0.42
Current Ratio1.31
Total Cash$157.85M
Total Debt$1.57B

Source: Nexqual, October 29, 2026 at 20:30 UTC.

Financial Health Score (AHR)

Nexqual rates American Healthcare REIT, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 20:30 UTC.

GrowthSolid — Revenue +9% YoY (annual)
ProfitabilityMixed — Gross margin 21%, operating 19% (last 4 quarters to Jun 2026, SEC)
Balance SheetSolid — $158M cash vs $1.57B debt
Cash FlowSolid — Operating cash flow $294M (FY ended Dec 2025, 10-K)
EfficiencyWeak — ROE 3%, ROA 2.1% (last 4 quarters, SEC)

Ownership (AHR)

Insider Ownership+0.61%
Institutional Ownership+99.42%
Shares Outstanding218.00M
Float216.56M
Short % of Float+17.28%

Source: Nexqual, October 29, 2026 at 20:30 UTC.

From American Healthcare REIT, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 20:30 UTC. This page is informational and not investment advice.

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