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)
- Last four reported quarters (through Jun 30, 2026): revenue $2.50B, net income $121M (4.8% margin) (SEC filings).
- Valuation: P/E 95.4x (avg 112.5x at the last 1 fiscal year-ends).
- Earnings quality: non-operating income -$61.7M vs operating income $480M over the last four quarters; P/E excluding non-operating income ≈63.2x (estimate: non-operating income taxed at the company's 0% effective rate).
- Analysts: Buy (mean 1.63 on a 1–5 scale) (16 analysts), mean target USD 63.69 (range 55–74).
- Next earnings: 2026-11-05, EPS estimate USD 0.16, revenue estimate $725M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AHR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 margin | 8.3% | 9.3% | 19.5% | 20.1% | 20.6% | — |
| Operating margin | 19.0% | 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | UBS | Target lowered | Buy | $63 → $62 |
| 2026-10-13 | Barclays | Target lowered | Overweight | $66 → $60 |
| 2026-10-13 | Raymond James | Initiated | Strong Buy | $62 |
| 2026-09-02 | Scotiabank | Target raised | Sector Outperform | $56 → $62 |
| 2026-08-31 | Barclays | Target raised | Overweight | $61 → $66 |
| 2026-08-19 | Keybanc | Target raised | Overweight | $58 → $68 |
| 2026-08-14 | Truist Securities | Target raised | Buy | $57 → $61 |
| 2026-08-14 | RBC Capital | Target raised | Outperform | $56 → $61 |
| 2026-08-13 | Citigroup | Target raised | Buy | $55 → $65 |
| 2026-07-27 | Citizens | Target raised | Market Outperform | $60 → $65 |
| 2026-07-21 | Compass Point | Initiated | Buy | $70 |
| 2026-07-08 | UBS | Target raised | Buy | $60 → $63 |
AHR earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.15 | $0.14 | Beat +7.1% | — |
| — | Quarter ended Mar 31, 2026 | $0.14 | $0.15 | Miss −6.7% | — |
| — | Quarter ended Dec 31, 2025 | $0.14 | $0.15 | Miss −6.7% | — |
| — | Quarter ended Sep 30, 2025 | $0.27 | $0.15 | Beat +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)
| Filed | Form | What it says |
|---|---|---|
| Sep 18, 2026 | 8-K | Regulation 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, 2026 | 8-K | Regulation FD disclosure |
| Sep 2, 2026 | 8-K | Director 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, 2026 | 8-K | Regulation FD disclosure |
| Aug 24, 2026 | 8-K | Other 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, 2026 | 8-K | Other 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, 2026 | 8-K | Entered 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, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION: 4.3% of shares, passive 5%+ holder |
| Aug 6, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Jul 27, 2026 | Schedule 13G/A | BlackRock, Inc.: 11.5% of shares, passive 5%+ holder (amended) |
| Jul 22, 2026 | 8-K | Director 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
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.16 | $0.15 | +6.7% | $724.8M | 1 |
| Next quarter (ends Dec 2026) | $0.20 | $0.14 | +42.9% | $773.9M | 1 |
| Current fiscal year (ends Dec 2026) | $0.62 | $0.59 | +4.2% | $2.81B | 5 |
| Next fiscal year (ends Dec 2027) | $0.99 | $0.91 | +9.4% | $3.29B | 1 |
Key Statistics (as of October 29, 2026 at 20:30 UTC)
| Price | USD 52.94 |
|---|---|
| Change | ▲ 2.80% (up) |
| Previous Close | USD 51.5 |
| Open | USD 52.14 |
| Day Range | USD 51.56 – 53.11 |
| 52-Week Range | USD 44.41 – 58.7 |
| Volume | 3,845,373 shares |
| Market Cap | $11.54B |
| Exchange | NYQ |
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 Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 63.69 |
| High Target | USD 74 |
| Low Target | USD 55 |
| Buy / Hold / Sell | 16 / 0 / 0 |
Earnings (AHR)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.16 |
| Revenue Estimate | $724.84M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.15 vs est 0.14 ▲ beat |
| 2026-03-31 | USD 0.14 vs est 0.15 ▼ miss |
| 2025-12-31 | USD 0.14 vs est 0.15 ▼ miss |
| 2025-09-30 | USD 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 / Equity | 0.42 |
| Current Ratio | 1.31 |
| 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.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 21%, operating 19% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Solid — $158M cash vs $1.57B debt |
| Cash Flow | Solid — Operating cash flow $294M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 3%, ROA 2.1% (last 4 quarters, SEC) |
Ownership (AHR)
| Insider Ownership | +0.61% |
|---|---|
| Institutional Ownership | +99.42% |
| Shares Outstanding | 218.00M |
| Float | 216.56M |
| 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)
- We have built a fully-integrated management platform, with approximately 121 employees as of December 31, 2025, that operates clinical healthcare properties throughout the United States, and in the United Kingdom and the Isle of Man.
- We own and operate our integrated senior health campuses, or ISHC, and senior-housing operating properties, or SHOP, utilizing the structure permitted by the REIT Investment Diversification and Empowerment Act of 2007, which is commonly referred to as a "RIDEA" structure.
- We seek to acquire properties where the future expected capital needs can be reasonably projected in a manner that would enable us to meet our objectives.
- We seek to acquire properties where the current and projected cash flows, including the potential for appreciation in value, would enable us to maximize long-term stockholder value.
Partnerships
- We also may enter into arrangements with the seller or developer of a real estate investment whereby the seller or developer agrees that if, during a stated period, the real estate investment does not generate specified cash flows, the seller or developer will pay us cash in an amount necessary to reach the specified cash flows level, subject in some cases to negotiated dollar limitations.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business, tenants, residents and operators may face litigation and experience rising liability and insurance costs, which may materially and adversely affect us.
- The healthcare industry is heavily regulated, and new laws or regulations, changes to existing laws or regulations, loss of licensure or failure to obtain licensure could result in the inability of our tenants to make rent payments to us or adversely affect our operators' ability to operate facilities held in RIDEA structures.
- We may be subject to adverse legislative or regulatory tax changes that could increase our tax liability or reduce our operating flexibility.
- The healthcare industry is heavily regulated and new laws or regulations, changes to existing laws or regulations, loss of licensure or failure to obtain licensure could result in the inability of our tenants to make rent payments to us or adversely affect our operators' ability to operate facilities held in RIDEA structures.
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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