Do You Have Conviction in Ryman Hospitality Properties' (RHP) Long-Term Outlook?

Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Markets continued their rally in the third quarter, with small-cap stocks gaining over 12% as measured by the Russell 2000 Index. However, the portfolio trailed the Russell 2000 Index in the quarter, returning 7.93% (net of fees). The relative underperformance was mainly due to the rally being driven by sectors that the portfolio typically does not own. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its third-quarter 2025 investor letter, Diamond Hill Capital Small Cap Strategy highlighted stocks such as Ryman Hospitality Properties, Inc. (NYSE:RHP). Ryman Hospitality Properties, Inc. (NYSE:RHP) is a lodging and hospitality real estate investment trust. The one-month return of Ryman Hospitality Properties, Inc. (NYSE:RHP) was 8.73%, and its shares lost 19.67% of their value over the last 52 weeks. On November 24, 2025, Ryman Hospitality Properties, Inc. (NYSE:RHP) stock closed at $94.02 per share, with a market capitalization of $5.924 billion.

Diamond Hill Capital Small Cap Strategy stated the following regarding Ryman Hospitality Properties, Inc. (NYSE:RHP) in its third quarter 2025 investor letter:

"Other bottom contributors in Q3 included Triumph Financial, Orion and Ryman Hospitality Properties, Inc. (NYSE:RHP). Ryman Hospitality Partners is a leading lodging and hospitality real estate investment trust (REIT) specializing in upscale convention center resorts and entertainment experiences. Shares were pressured in the quarter as fundamentals were a bit mixed, and investors weighed some concerns around the company’s transient business. However, we maintain our conviction in the long-term outlook for the business."

Ryman Hospitality Properties, Inc. (NYSE:RHP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 29 hedge fund portfolios held Ryman Hospitality Properties, Inc. (NYSE:RHP) at the end of the second quarter, up from 25 in the previous quarter. While we acknowledge the potential of Ryman Hospitality Properties, Inc. (NYSE:RHP) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.