Ryman Hospitality Properties (NYSE:RHP) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $1.63 EPS for the quarter, beating the consensus estimate of $1.62 by $0.01, Zacks reports. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties updated its FY 2025 guidance to 8.000-8.380 EPS.

Ryman Hospitality Properties Trading Up 2.0%

Ryman Hospitality Properties stock traded up $1.71 during mid-day trading on Monday, hitting $88.62. 908,629 shares of the stock were exchanged, compared to its average volume of 756,492. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $121.77. The firm’s fifty day simple moving average is $93.25 and its two-hundred day simple moving average is $95.38. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.60 and a beta of 1.57.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 109.79%.

Analyst Ratings Changes

Several brokerages have recently commented on RHP. Cantor Fitzgerald began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 target price for the company. Wall Street Zen cut shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ryman Hospitality Properties in a research report on Friday. Evercore ISI lowered their price objective on shares of Ryman Hospitality Properties from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.40.

Check Out Our Latest Analysis on RHP

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $190,660. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RHP. Invesco Ltd. boosted its stake in 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 worth $25,617,000 after acquiring an additional 91,017 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $6,392,000. Goldman Sachs Group Inc. boosted its stake in 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 worth $71,778,000 after acquiring an additional 63,507 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Ryman Hospitality Properties during the second quarter worth $5,674,000. Finally, Amundi boosted its stake in Ryman Hospitality Properties by 91.3% during the second quarter. Amundi now owns 65,259 shares of the real estate investment trust’s stock worth $6,743,000 after acquiring an additional 31,149 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Company Profile

(Get Free Report)

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.

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