Comparing American Healthcare REIT (NYSE:AHR) & Healthpeak Properties (NYSE:DOC)

Healthpeak Properties (NYSE:DOC) and American Healthcare REIT (NYSE:AHR) are both large-cap real estate companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, institutional ownership, risk, valuation, earnings and dividends.

Dividends

Healthpeak Properties pays an annual dividend of $1.22 per share and has a dividend yield of 6.4%. American Healthcare REIT pays an annual dividend of $1.00 per share and has a dividend yield of 1.9%. Healthpeak Properties pays out 348.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. American Healthcare REIT pays out 147.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Analyst Recommendations

This is a summary of current ratings for Healthpeak Properties and American Healthcare REIT, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Healthpeak Properties	0	14	4	0	2.22
American Healthcare REIT	0	1	12	2	3.07

Healthpeak Properties currently has a consensus target price of $21.60, suggesting a potential upside of 12.94%. American Healthcare REIT has a consensus target price of $62.00, suggesting a potential upside of 16.40%. Given American Healthcare REIT’s stronger consensus rating and higher probable upside, analysts plainly believe American Healthcare REIT is more favorable than Healthpeak Properties.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Healthpeak Properties	8.24%	2.79%	1.17%
American Healthcare REIT	4.84%	3.63%	2.25%

Volatility & Risk

Healthpeak Properties has a beta of 1.01, indicating that its stock price is 1% more volatile than the S&P 500. Comparatively, American Healthcare REIT has a beta of 0.79, indicating that its stock price is 21% less volatile than the S&P 500.

Valuation & Earnings

This table compares Healthpeak Properties and American Healthcare REIT”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Healthpeak Properties	$2.82 billion	4.67	$71.35 million	$0.35	54.64
American Healthcare REIT	$2.50 billion	4.64	$69.81 million	$0.68	78.33

Healthpeak Properties has higher revenue and earnings than American Healthcare REIT. Healthpeak 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.

Institutional & Insider Ownership

93.6% of Healthpeak Properties shares are held by institutional investors. Comparatively, 16.7% of American Healthcare REIT shares are held by institutional investors. 0.2% of Healthpeak Properties shares are held by company insiders. Comparatively, 0.7% of American Healthcare REIT shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Summary

American Healthcare REIT beats Healthpeak Properties on 10 of the 17 factors compared between the two stocks.

About Healthpeak Properties

Healthpeak Properties, Inc. is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.

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.