Analyst Ari Klein from BMO Capital maintained a Buy rating on Ryman (RHP – Research Report) and keeping the price target at $104.00.
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Ari Klein’s rating is based on Ryman’s strong performance in the first quarter, which exceeded expectations in several key financial metrics. The company reported AFFO per share of $2.08, surpassing both consensus and BMO estimates, and achieved an EBITDA of $185.5 million, which was higher than anticipated.
Despite a slight reduction in the RevPAR outlook, Ryman maintained its full-year EBITDA and FFO guidance, indicating confidence in its financial stability amidst macroeconomic challenges. The company’s group-oriented portfolio is expected to perform well, providing resilience against potential market fluctuations.