Ryman Hospitality Properties (NYSE:RHP) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Ryman Hospitality Properties (NYSE:RHP) released its earnings results on Monday. The real estate investment trust reported $1.63 EPS for the quarter, topping the consensus estimate of $1.59 by $0.04, Zacks reports. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company had revenue of $592.46 million during the quarter, compared to analysts’ expectations of $573.40 million. During the same quarter last year, the business earned $1.93 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Ryman Hospitality Properties updated its FY 2025 guidance to 8.000-8.380 EPS.

Ryman Hospitality Properties Stock Up 2.0%

RHP opened at $90.54 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The firm has a market cap of $5.70 billion, a P/E ratio of 21.59, a PEG ratio of 1.60 and a beta of 1.60. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77. The business’s fifty day simple moving average is $92.94 and its 200 day simple moving average is $95.43.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.1%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 121.69%.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the purchase, the director directly owned 2,000 shares in the company, valued at approximately $190,660. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Ryman Hospitality Properties

A number of large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Ryman Hospitality Properties by 0.6% during the second quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock valued at $336,901,000 after acquiring an additional 20,756 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Ryman Hospitality Properties by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after acquiring an additional 63,507 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Ryman Hospitality Properties by 54.0% during the second quarter. Invesco Ltd. now owns 259,618 shares of the real estate investment trust’s stock valued at $25,617,000 after acquiring an additional 91,017 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Ryman Hospitality Properties by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 204,512 shares of the real estate investment trust’s stock valued at $20,179,000 after acquiring an additional 14,521 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Ryman Hospitality Properties by 5.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 144,707 shares of the real estate investment trust’s stock valued at $14,272,000 after acquiring an additional 7,221 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price for the company. Bank of America increased their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 21st. Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target for the company. Finally, Evercore ISI cut their price target on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.40.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.