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

Ryman Hospitality Properties (NYSE:RHP) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 Stock Down 2.2 %

NYSE RHP opened at $104.07 on Thursday. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97. Ryman Hospitality Properties has a 1 year low of $79.86 and a 1 year high of $122.91. The stock has a market capitalization of $6.23 billion, a PE ratio of 21.55, a PEG ratio of 0.78 and a beta of 1.59. The business’s 50-day moving average is $112.48 and its 200 day moving average is $108.06.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. 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%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, for a total transaction of $1,468,320.00. Following the transaction, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of Ryman Hospitality Properties stock in a transaction 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 approximately $2,109,579.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 13,800 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $106.40 per share, for a total transaction of $1,468,320.00. Following the purchase, the chairman now owns 819,143 shares of the company’s stock, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders.

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.