Ryman Hospitality Properties: Record Bookings, Discounted Price

Ryman Hospitality Properties is rated a 'Buy' due to record 2025 results, robust forward bookings, and an attractive valuation. RHP delivered $2.6B in revenue and $8.46/share AFFO in 2025, beating guidance despite macro headwinds. The current 5.27% dividend yield is well-covered, with a low 55% payout ratio and potential for future increases.