Wells Fargo analyst James Feldman has maintained their bullish stance on RHP stock, giving a Buy rating yesterday.
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James Feldman has given his Buy rating due to a combination of factors including the strategic acquisition of the JW Marriott Desert Ridge, which is expected to contribute positively to Ryman’s EBITDA despite some anticipated renovation disruptions. The acquisition was made at a favorable cap rate, and although the immediate EBITDA contribution is lower than expected, the long-term outlook remains positive.
Additionally, Ryman’s guidance for 2025 remains robust, with expectations for RevPAR growth and an increase in EBITDA, which is slightly above consensus estimates. Despite some challenges such as increased attrition and cancellations, these are viewed as temporary and not indicative of a fundamental shift. The company’s group-heavy portfolio is considered lower risk compared to its peers, supporting the Buy rating.
According to TipRanks, Feldman is a 2-star analyst with an average return of 0.0% and a 44.97% success rate. Feldman covers the Real Estate sector, focusing on stocks such as Ryman, Equity Lifestyle, and Cousins Properties.
In another report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $112.00 price target.