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

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.690-8.330 for the period, compared to the consensus earnings per share estimate of 8.210. The company issued revenue guidance of -.

Ryman Hospitality Properties Stock Up 1.2 %

Ryman Hospitality Properties stock traded up $1.26 during trading hours on Thursday, hitting $105.39. The company had a trading volume of 617,857 shares, compared to its average volume of 445,593. The firm has a market capitalization of $6.31 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. 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 firm's fifty day moving average is $112.22 and its 200-day moving average is $108.04. Ryman Hospitality Properties has a fifty-two week low of $79.86 and a fifty-two week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 4.17%. Ryman Hospitality Properties's dividend payout ratio is presently 91.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RHP. Truist Financial increased their price target on shares of Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, March 14th. StockNews.com lowered shares of Ryman Hospitality Properties from a hold rating to a sell rating in a research note on Monday. Raymond James increased their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a buy rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $125.00 to $133.00 and gave the stock an overweight rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $119.00.

Insider Activity at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, 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 SEC, which is available through the SEC website. In related news, Chairman Colin V. Reed purchased 13,800 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $106.40 per share, with a total value of $1,468,320.00. Following the acquisition, the chairman now directly owns 819,143 shares in the company, valued at $87,156,815.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Patrick S. Chaffin sold 16,189 shares of the 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 sale, the chief operating officer now directly owns 17,618 shares of the company's stock, valued at $2,109,579.32. The disclosure for this sale can be found here. 3.00% of the stock is currently 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.