Ryman Hospitality’s Strategic Growth and Resilience: A Buy Rating by James Feldman

Analyst James Feldman from Wells Fargo maintained a Buy rating on Ryman (RHP – Research Report) and keeping the price target at $101.00.

James Feldman has given his Buy rating due to a combination of factors that highlight Ryman Hospitality’s strategic positioning and growth potential. The recent acquisition of the JW Marriott Desert Ridge, completed ahead of schedule, is expected to contribute positively to earnings, with anticipated FFO accretion in 2026. This acquisition aligns with Ryman’s focus on capital allocation towards high-return investments rather than share repurchases, setting the stage for substantial capex in 2025.
Moreover, the company’s plans for the Opry Entertainment Group (OEG) spin-off, although not imminent, indicate a strategic move towards optimizing its portfolio. The internal and external growth potential of OEG, bolstered by recent acquisitions, further supports this outlook. Additionally, Ryman’s resilience in the lodging REIT sector, with stable group trends and a defensive business model, positions it as a top pick amidst macroeconomic uncertainties. These factors collectively underpin Feldman’s confidence in Ryman’s future performance.

Feldman covers the Real Estate sector, focusing on stocks such as Centerspace, American Homes, and Invitation Homes. According to TipRanks, Feldman has an average return of 1.5% and a 50.71% success rate on recommended stocks.