DianaHirsch/E+ via Getty Images Ryman Hospitality Properties ( NYSE: RHP ) is an intriguing REIT investment opportunity for a number of reasons. It is a big part of the music scene, especially when it comes to country music, it also has multiple properties that are in prime locations with strong demographics, and it is growing revenues as well as the dividend. This company owns some very popular properties including the Gaylord Opryland Resort & Convention Center, Gaylord Texan Resort & Convention Center, Gaylord Palms Resort & Convention Center, and others.
This stock has experienced a pullback in recent weeks, and I see this as a buying opportunity. I also see a potentially significant upside catalyst looming in the possibly not-too-distant future. Let's take a closer look: The Chart As the chart below shows, this stock hit a new 52-week high in February, at just over $120 per share.
Since then, it has had a pullback to around $100, but this stock appears to have bottomed-out and could be heading higher and back to testing the 52-week high again soon. The 50-day moving average is $110.91 and the 200-day moving average is $99.
91. Stockcharts.com A Potentially Significant Upside Catalyst As can be seen below, Ryman Hospitality has a lot going for it, including a tenured management team, strong growth potential and a policy that prioritizes dividends.
It also has some historically important properties and brand names. Ryman Hospitality sees an opportunity to unlock or create s.