Q2 2024 EPS Estimates for Ryman Hospitality Properties, Inc. (NYSE:RHP) Raised by Analyst

Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) - Wedbush upped their Q2 2024 earnings per share (EPS) estimates for shares of Ryman Hospitality Properties in a research note issued to investors on Monday, April 1st. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $2.33 per share for the quarter, up from their prior forecast of $2.21. The consensus estimate for Ryman Hospitality Properties' current full-year earnings is $8.57 per share. Wedbush also issued estimates for Ryman Hospitality Properties' Q3 2024 earnings at $1.85 EPS, Q4 2024 earnings at $2.13 EPS and FY2025 earnings at $8.49 EPS.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Ryman Hospitality Properties from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $89.00 to $102.00 in a research report on Thursday, December 14th. Truist Financial increased their target price on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Raymond James boosted their price target on Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Wells Fargo & Company raised their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. Finally, StockNews.com upgraded Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock traded up $0.60 during trading hours on Wednesday, hitting $114.13. The stock had a trading volume of 428,071 shares, compared to its average volume of 428,942. 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 $6.81 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 0.81 and a beta of 1.57. The stock's fifty day moving average is $115.75 and its two-hundred day moving average is $103.80. The company has a debt-to-equity ratio of 5.90, a current ratio of 1.97 and a quick ratio of 1.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kapitalo Investimentos Ltda lifted its stake in Ryman Hospitality Properties by 4,930.9% during the fourth quarter. Kapitalo Investimentos Ltda now owns 4,880 shares of the real estate investment trust's stock worth $537,000 after purchasing an additional 4,783 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $1,169,000. PNC Financial Services Group Inc. lifted its holdings in Ryman Hospitality Properties by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust's stock worth $372,000 after acquiring an additional 137 shares during the last quarter. SageView Advisory Group LLC acquired a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $425,000. Finally, American International Group Inc. lifted its holdings in shares of Ryman Hospitality Properties by 0.6% in the 4th quarter. American International Group Inc. now owns 29,031 shares of the real estate investment trust's stock worth $3,195,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 94.48% of the company's stock.

Insider Buying and Selling

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total transaction 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 document filed with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company's stock.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Wednesday, March 27th. Ryman Hospitality Properties's payout ratio is currently 84.94%.

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.