Ryman Hospitality Properties (NYSE:RHP) Releases FY 2024 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 7.690-8.330 for the period, compared to the consensus estimate of 8.210. The company issued revenue guidance of -.

Ryman Hospitality Properties Trading Down 2.2 %

Shares of NYSE:RHP opened at $104.07 on Thursday. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91. The stock’s fifty day moving average price is $112.48 and its 200-day moving average price is $108.06. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $6.23 billion, a P/E ratio of 21.55, a PEG ratio of 0.78 and a beta of 1.59.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.23%. Ryman Hospitality Properties’s payout ratio is 91.10%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RHP. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an overweight rating in a research report on Thursday, March 21st. StockNews.com lowered Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Monday. Truist Financial upped their price objective on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a buy rating in a research report on Thursday, March 14th. Finally, Raymond James lifted their target price on Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ryman Hospitality Properties has an average rating of Moderate Buy and an average price target of $118.00.

Insider Activity

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 13,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the acquisition, the chairman now owns 819,143 shares in the company, valued at $87,156,815.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the transaction, the chief operating officer now directly owns 17,618 shares of the company’s stock, valued at $2,109,579.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Colin V. Reed acquired 13,800 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The disclosure for this purchase can be found here. Corporate insiders own 3.00% of the company’s stock.

About Ryman Hospitality Properties

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.