This Dividend Stock Has Gained 18% While the Rest of its Sector Went Nowhere. Here's Why.
Written by Matt Frankel for The Motley Fool -> Ryman Hospitality Properties has dramatically outperformed the overall real estate sector in recent months. Its business is seeing excellent margin improvement and higher per-guest spending. Even after the gains, Ryman still trade
Ryman Hospitality Properties has dramatically outperformed the overall real estate sector in recent months.
Its business is seeing excellent margin improvement and higher per-guest spending.
Even after the gains, Ryman still trades at an attractive valuation.
Over the past three months, the real estate sector hasn't exactly been a beneficiary of the overall stock market's rally to record highs. In fact, real estate has been almost exactly flat, while the S&P 500 has gained about 11% during the same period.
However, there is one unique high-dividend real estate stock that not only has outperformed its sector but has also produced a market-beating 18% gain in the past three months. Here's why investors should pay attention to it.
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Ryman Hospitality Properties (NYSE: RHP) is one of several hotel-owning real estate investment trusts , or REITs, in the market, but it's in a category by itself. It specializes in large-scale, high-end properties focused on group events like conferences and conventions.
Specifically, Ryman owns the five Gaylord hotels as well as a large-scale Marriott property. It also has an entertainment segment that owns several iconic venues, including its namesake, the Ryman Auditorium in Nashville, and the Ole Red dining and entertainment chain, which recently announced its seventh location.
