American Healthcare REIT (NYSE:AHR) versus Ryman Hospitality Properties (NYSE:RHP) Financial Analysis

American Healthcare REIT (NYSE:AHR) and Ryman Hospitality Properties (NYSE:RHP) are both mid-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, analyst recommendations and risk.

Dividends

American Healthcare REIT pays an annual dividend of $1.00 per share and has a dividend yield of 2.0%. Ryman Hospitality Properties pays an annual dividend of $4.80 per share and has a dividend yield of 3.6%. American Healthcare REIT pays out 172.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Ryman Hospitality Properties pays out 126.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Ryman Hospitality Properties has increased its dividend for 2 consecutive years. Ryman Hospitality Properties is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Analyst Ratings

This is a summary of current ratings for American Healthcare REIT and Ryman Hospitality Properties, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
American Healthcare REIT	0	2	10	1	2.92
Ryman Hospitality Properties	0	1	11	0	2.92

American Healthcare REIT presently has a consensus price target of $54.91, indicating a potential upside of 8.03%. Ryman Hospitality Properties has a consensus price target of $122.27, indicating a potential downside of 7.12%. Given American Healthcare REIT’s stronger consensus rating and higher possible upside, equities analysts clearly believe American Healthcare REIT is more favorable than Ryman Hospitality Properties.

Volatility & Risk

American Healthcare REIT has a beta of 0.8, suggesting that its share price is 20% less volatile than the S&P 500. Comparatively, Ryman Hospitality Properties has a beta of 1.22, suggesting that its share price is 22% more volatile than the S&P 500.

Insider and Institutional Ownership

16.7% of American Healthcare REIT shares are held by institutional investors. Comparatively, 94.5% of Ryman Hospitality Properties shares are held by institutional investors. 0.8% of American Healthcare REIT shares are held by company insiders. Comparatively, 3.2% of Ryman Hospitality Properties shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares American Healthcare REIT and Ryman Hospitality Properties’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
American Healthcare REIT	4.23%	3.33%	1.98%
Ryman Hospitality Properties	9.45%	31.36%	4.07%

Earnings & Valuation

This table compares American Healthcare REIT and Ryman Hospitality Properties”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
American Healthcare REIT	$2.26 billion	4.33	$69.81 million	$0.58	87.63
Ryman Hospitality Properties	$2.58 billion	3.22	$243.43 million	$3.79	34.74

Ryman Hospitality Properties has higher revenue and earnings than American Healthcare REIT. Ryman Hospitality Properties is trading at a lower price-to-earnings ratio than American Healthcare REIT, indicating that it is currently the more affordable of the two stocks.

Summary

Ryman Hospitality Properties beats American Healthcare REIT on 13 of the 18 factors compared between the two stocks.

About American Healthcare REIT

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. The company benefits from a fully integrated management platform comprised of more than one hundred experienced and skilled professionals, many of whom have worked together since 2006 and have successfully invested in and managed healthcare real estate through multiple market cycles. The management team has a proven track record, deep industry relationships and unparalleled insight into each of the company's assets having built and nurtured the company's international portfolio since its original property acquisition in 2014. The strength of the management team, coupled with the quality of the assets, has American Healthcare REIT poised to capitalize on compelling growth driven by powerful demographic trends. With its 19 million-square-foot, 312-building portfolio of medical office buildings, senior housing communities, skilled nursing facilities and integrated senior health campuses diversified across 36 states and the United Kingdom, the tri-party transaction was a critical step in ideally positioning American Healthcare REIT for a future public listing or IPO on a national stock exchange at the most opportune time. By listing the company's shares on a national exchange, we believe the company will gain greater access to attractive capital that will fuel future growth, broaden our investor base and also provide liquidity to our fellow stockholders. American Healthcare REIT, Inc. operates as a subsidiary of Griffin Capital Company, LLC.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 11,414 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns a 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry, Ryman Auditorium, WSM 650 AM, Ole Red, Nashville-area attractions, and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results.