Ryman Hospitality Properties, Inc. Expected to Earn Q1 2024 Earnings of $1.68 Per Share (NYSE:RHP)

Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) - Analysts at Wedbush decreased their Q1 2024 earnings estimates for shares of Ryman Hospitality Properties in a report issued on Monday, April 1st. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $1.68 per share for the quarter, down from their previous estimate of $2.15. The consensus estimate for Ryman Hospitality Properties' current full-year earnings is $8.57 per share. Wedbush also issued estimates for Ryman Hospitality Properties' FY2024 earnings at $8.00 EPS.

Several other research analysts have also recently issued reports on RHP. JPMorgan Chase & Co. upgraded shares of Ryman Hospitality Properties from an "underweight" rating to a "neutral" rating and upped their target price for the company from $89.00 to $102.00 in a report on Thursday, December 14th. Wells Fargo & Company upped their price target on shares of 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 upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. Truist Financial upped their price target on shares of 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 upped their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Ryman Hospitality Properties Stock Up 0.2 %

Shares of Ryman Hospitality Properties stock traded up $0.20 during trading hours on Thursday, hitting $114.30. The company had a trading volume of 382,028 shares, compared to its average volume of 428,229. The company's 50-day moving average is $115.84 and its two-hundred day moving average is $103.88. Ryman Hospitality Properties has a twelve month low of $79.86 and a twelve month high of $122.91. 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 $6.82 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 0.80 and a beta of 1.57.

Hedge Funds Weigh In On Ryman Hospitality Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Xponance Inc. grew its stake in Ryman Hospitality Properties by 2.6% in the 4th quarter. Xponance Inc. now owns 3,531 shares of the real estate investment trust's stock valued at $389,000 after acquiring an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Ryman Hospitality Properties by 4.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the real estate investment trust's stock valued at $204,000 after acquiring an additional 115 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Ryman Hospitality Properties by 0.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 13,440 shares of the real estate investment trust's stock valued at $1,482,000 after acquiring an additional 115 shares during the last quarter. Mariner LLC grew its stake in Ryman Hospitality Properties by 1.1% in the 4th quarter. Mariner LLC now owns 12,009 shares of the real estate investment trust's stock valued at $982,000 after acquiring an additional 129 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Ryman Hospitality Properties by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,383 shares of the real estate investment trust's stock valued at $372,000 after acquiring an additional 137 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company'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 owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by insiders.

Ryman Hospitality Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. Ryman Hospitality Properties's payout ratio is currently 84.94%.

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.