#6 - Ryman Hospitality Properties (NYSE:RHP)
If you’re familiar with Ryman Hospitality Properties (NYSE: RHP) then you may believe that I’m adding this to the list as a contrarian play. But the reality is a bit more complex and very interesting.
Ryman is a leading real estate investment trust (REIT) that specializes in the lodging and hospitality sectors. In fact, Ryman’s “core holdings” include five of the top 10 largest non-gaming convention center hotels in the United States. Some are still shut. Overall occupancy rates are hovering around 16%. So why the bullish outlook?
Part of it comes from this little nugget. The company has stated that 2022 bookings are higher than 2019. Can you say pent-up demand for business travel? The rubber chicken circuit has never looked better.
And Ryman has used the pandemic as an opportunity to raise capital so it could reinvest in its business which has improved the company’s liquidity.
Still, this is not a stock for the faint-hearted. The company suspended its dividend at the onset of the pandemic and still has not reinstated it. But sitting about 10% below its 52-week high and about 15% below pre-pandemic levels, RHP stock may reward risk-tolerant investors with at least a 12-month timeline.
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.
Read More - Current Price
- $115.71
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $126.17 (9.0% Upside)
