American Healthcare REIT drops after $712 mln equity offering

American Healthcare REIT

11/08/2026 11:57

** Shares of American Healthcare REIT AHR.N down 3.7% at $53.40 before the bell on Tues after overnight follow-on priced
** Senior housing and skilled nursing facilities operator late Mon announced 13.25 mln shares for approx $712.2 mln on a forward sale basis
** Offering price of $53.75 is 3.1% discount to stock's last close
** Co entered into 24-month forward sale agreements with bookrunners Morgan Stanley, Citigroup and KeyBanc
** Upon settlement of agreements, it expects to use net proceeds for a pending acquisition, potential future investments and general purposes
** Irvine, California-based firm has ~218 mln shares outstanding
** In May, AHR priced a $706 mln equity offering, also with forward sale agreement
** Through Mon, AHR stock up 18% YTD
** All 15 analysts covering the stock are bullish; median PT $60, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))