Bull’s Eye Report: Ryman Hospitality Properties (RHP)

This name has steadily risen since late 2012 and looks to appreciate more.

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

 

Company Symbol Industry Stock Rating YTD% Gain S.T.
Stop Loss
Ryman Hospitality Properties RHP Speciality REITs 9.3 +12.67% $43.52


 

Why We Like The Stock:

Ryman Hospitality Properties (NYSE:RHP) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) in a strong sub-industry. Specialized REITS have been on fire this year, as evidenced by rocket ships like EPR Properties (NYSE:EPR), RLJ Lodging Trust (NYSE:RLG), and Medical Properties Trust (NYSE:MPW). RHP isn’t quite as straight up as these charts, though its more “under control” uptrend makes it a less risky pick. The stock has been trending higher since November of 2012, making higher highs and higher lows along the way. Currently, the stock has pulled back a modest amount and is consolidating above its 50-day moving average. RHP doesn’t move with the market (it’s up +0.5% today while the S&P 500 is currently -0.5%), though it has had plenty of upward thrust so far this year. We like this Specialized REIT above its April 5 opening price for a run up to the $48 range.

 

We Would Be Buyers:

At the current price (~$44.90), or on a pullback to the 50-day moving average at $44.25.
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Company Profile:

Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland. As of February 15, 2013, this segment’s network of resorts had 7,797 rooms. It also owns and operates the Inn hotel with approximately 303 rooms at Opryland. The company’s Opry and Attractions segment owns and operates Nashville-based tourist attractions, including the Grand Ole Opry, a live country music show; the Ryman Auditorium, a venue with approximately 2,300 seats for concerts and musical productions; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat on the Cumberland river; the Gaylord Springs Golf Links, a clubhouse, which provides meeting space for approximately 500 guests; and the Wildhorse Saloon, a country music performance venue. This segment also operates WSM-AM, a radio broadcasting station. Ryman Hospitality Properties, Inc. qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ryman Hospitality Properties, Inc. was founded in 1955 and is headquartered in Nashville, Tennessee.

 

Stock Rating:

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

 

Disclosure:

At the time of publication the editor and affiliated companies own the following positions:

None

Note: Positions may be bought or sold while this publication is in circulation without notice.

 

Ryman Hospitality Properties - Last 3 Months

 Bulls Eye Report: Ryman Hospitality Properties (RHP)

Ryman Hospitality Properties - Last 12 Months

 Bulls Eye Report: Ryman Hospitality Properties (RHP)

Ryman Hospitality Properties  - Last 5 Years

 Bulls Eye Report: Ryman Hospitality Properties (RHP)


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