Professional
Added to YB: 2025-01-08
Pitch date: 2024-12-19
RHP [bullish]
Ryman Hospitality Properties, Inc.
+16.51%
current return
Author Info
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Company Info
Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust.
Market Cap
$6.7B
Pitch Price
$96.48
Price Target
135.00 (+20%)
Dividend
4.49%
EV/EBITDA
13.34
P/E
28.10
EV/Sales
4.10
Sector
Hotel and Resort REITs
Category
growth
Show full summary:
Ryman Hospitality Properties, Inc.: Attractive Entry Point, Healthy Group Demand, Initiating at Outperform
RHP: Group-focused REIT w/ 6 large convention hotels (75% group mix). $770M EBITDA '24E (+11% YoY). 2% RevPAR growth '25E due to renovations, accelerating to 5% '26E. $1B capex '24-'27. Entertainment segment (14% EBITDA) has PE partner w/ potential monetization. $135 PT based on 12.7x '26E EV/EBITDA.