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

Ryman Hospitality Properties (NYSE:RHP) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 8.390-8.680 for the period, compared to the consensus estimate of 8.370. The company issued revenue guidance of -. Ryman Hospitality Properties also updated its FY24 guidance to $8.39-$8.68 EPS.

Analysts Set New Price Targets

RHP has been the topic of several recent analyst reports. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.20.

Ryman Hospitality Properties Stock Up 1.3 %

Shares of NYSE RHP traded up $1.39 on Monday, hitting $108.92. The company had a trading volume of 824,143 shares, compared to its average volume of 451,934. The firm has a market capitalization of $6.52 billion, a P/E ratio of 20.43, a PEG ratio of 2.04 and a beta of 1.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 5.96. Ryman Hospitality Properties has a 12-month low of $88.14 and a 12-month high of $122.91. The business has a 50 day moving average of $106.66 and a two-hundred day moving average of $103.76.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.04%. Ryman Hospitality Properties’s dividend payout ratio is currently 82.55%.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the acquisition, the chairman now directly owns 827,220 shares of the company’s stock, valued at $80,885,571.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the sale, the director now directly owns 3,148 shares of the company’s stock, valued at $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Colin V. Reed acquired 8,077 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $97.78 per share, with a total value of $789,769.06. Following the completion of the acquisition, the chairman now owns 827,220 shares in the company, valued at $80,885,571.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

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.