Goldman Sachs analyst Steven Kent says holders of Ryman Hospitality Properties shares should be patient. The noise around the conversion of the former Gaylord Entertainment Co. into a real estate investment trust will soon subside and give the investment community a clearer picture of the company. That, Kent says, will draw in more money. He has lifted his price target for Ryman (Ticker: RHP) to $38 from $37. In early trading Tuesday, the stock was changing hands around $32.50.
Kent noted that Gaylord's contracts are typically booked one to three years in advance so discounts offered now may weigh on results over a longer-term period.