BMO Capital analyst Ari Klein has maintained their bullish stance on RHP stock, giving a Buy rating on May 6.
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Ari Klein has given his Buy rating due to a combination of factors that highlight Ryman’s strategic acquisition and its potential benefits. The acquisition of the JW Marriott Desert Ridge for $865 million aligns with Ryman’s westward expansion strategy and complements its existing portfolio. The hotel is expected to perform well in comparison to Ryman’s other properties, particularly in terms of revenue per available room and EBITDA per key metrics.
Despite the high acquisition cost, the deal is anticipated to be accretive to Ryman’s adjusted funds from operations by 2026, indicating potential financial upside. The transaction involves issuing new shares, which may increase leverage slightly, but the overall strategic fit and expected synergies make the acquisition a promising move. These factors collectively support Ari Klein’s Buy rating for Ryman’s stock.
In another report released on May 6, Wedbush also maintained a Buy rating on the stock with a $110.00 price target.