Wedbush Research Analysts Lift Earnings Estimates for Ryman Hospitality Properties, Inc. (NYSE:RHP)

Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) - Research analysts at Wedbush lifted their Q2 2024 earnings estimates for shares of Ryman Hospitality Properties in a research report issued on Wednesday, May 8th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $2.36 per share for the quarter, up from their previous estimate of $2.33. The consensus estimate for Ryman Hospitality Properties' current full-year earnings is $8.03 per share. Wedbush also issued estimates for Ryman Hospitality Properties' Q3 2024 earnings at $1.88 EPS, Q4 2024 earnings at $2.17 EPS, FY2024 earnings at $7.99 EPS and FY2025 earnings at $8.48 EPS.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company boosted their price target on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday. Raymond James raised their target price on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. StockNews.com lowered Ryman Hospitality Properties from a "hold" rating to a "sell" rating in a report on Monday. Finally, Truist Financial raised their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.00.

Ryman Hospitality Properties Stock Up 0.5 %

NYSE RHP traded up $0.52 on Friday, hitting $105.93. 524,587 shares of the stock traded hands, compared to its average volume of 446,460. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90. The stock has a 50-day moving average of $112.22 and a 200 day moving average of $108.04. Ryman Hospitality Properties has a twelve month low of $79.86 and a twelve month high of $122.91. The company has a market capitalization of $6.34 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in Ryman Hospitality Properties in the fourth quarter worth approximately $27,000. Parallel Advisors LLC boosted its holdings in Ryman Hospitality Properties by 6,550.0% in the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 262 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Ryman Hospitality Properties during the 1st quarter valued at about $35,000. Signaturefd LLC lifted its holdings in Ryman Hospitality Properties by 518.9% in the 4th quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 275 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Ryman Hospitality Properties during the first quarter worth approximately $103,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Chairman Colin V. Reed purchased 13,800 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now owns 819,143 shares in the company, valued at approximately $87,156,815.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 13,800 shares of the company's stock in a transaction that occurred on 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 acquisition, the chairman now owns 819,143 shares of the company's stock, valued at $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Announces Dividend

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. This represents a $4.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Ryman Hospitality Properties's dividend payout ratio (DPR) is 91.10%.

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.