Morgan Stanley Upgrades Ryman Hospitality Properties to 'Overweight'

Real estate investment trust sees price target rise to $105 from $88

Apr. 11, 2026 at 11:56am

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An extreme close-up of the gears, pulleys, and mechanical components that power the convention center facilities at Ryman Hospitality Properties' resort destinations, conveying the complex machinery that enables these large-scale hospitality operations.Ryman Hospitality's convention center resorts rely on a robust, behind-the-scenes infrastructure to host major events and meetings.Dallas Today

Morgan Stanley has upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from an 'equal weight' rating to an 'overweight' rating, raising the price target to $105 from $88. The upgrade comes as several other equity research analysts have also issued positive reports on the real estate investment trust in recent months.

Why it matters

Ryman Hospitality Properties is a major player in the convention hotel and resort industry, operating large-scale integrated resort properties under the Gaylord Hotels brand. The upgrade from Morgan Stanley reflects growing optimism about the company's recovery and future growth prospects as the hospitality industry rebounds from pandemic-era challenges.

The details

In its report, Morgan Stanley cited Ryman Hospitality Properties' strong market positioning and ability to capitalize on the return of group travel and events. The firm noted the company's portfolio of convention-focused resort properties in key markets like Nashville, Dallas, and Orlando as key competitive advantages.

  • Morgan Stanley published its upgrade report on Friday, April 11, 2026.

The players

Ryman Hospitality Properties

A publicly traded real estate investment trust (REIT) that owns and operates large convention center hotel resorts, including the Gaylord Hotels brand.

Morgan Stanley

A global financial services firm that provides investment banking, securities, wealth management and investment management services.

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What’s next

Ryman Hospitality Properties is scheduled to report its next quarterly earnings on Wednesday, April 15, 2026, which will provide further insight into the company's performance and outlook.

The takeaway

The Morgan Stanley upgrade reflects growing confidence in Ryman Hospitality Properties' ability to capitalize on the recovery of the convention and group travel market, underscoring the company's strong market position and resort portfolio as key competitive advantages.