Ryman Hospitality Properties (NYSE:RHP) Releases Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Ryman Hospitality Properties reported a quarterly earnings per share (EPS) of $2.35, missing analysts' expectations of $2.38 by $0.03.
• The company has updated its FY 2025 guidance for EPS to a range of $7.930-$8.490.
• Ryman Hospitality Properties has announced a quarterly dividend of $1.15, resulting in an annualized dividend of $4.60 and a yield of 4.9%.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04, Zacks reports. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 46.92%. The company had revenue of $659.52 million during the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the prior year, the firm posted $2.78 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties updated its FY 2025 guidance to 7.930-8.490 EPS.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded up $0.92 during trading hours on Wednesday, hitting $94.66. 647,548 shares of the stock were exchanged, compared to its average volume of 818,508. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62. Ryman Hospitality Properties has a 12-month low of $76.27 and a 12-month high of $121.77. The stock has a 50-day moving average of $99.07 and a 200 day moving average of $96.76. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.92.

Ryman Hospitality Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insider Activity

In other news, Chairman Colin V. Reed purchased 8,356 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, with a total value of $809,863.52. Following the completion of the acquisition, the chairman directly owned 870,406 shares of the company's stock, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the transaction, the director directly owned 2,576 shares of the company's stock, valued at $255,049.76. This represents a 33.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Ryman Hospitality Properties by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust's stock valued at $71,778,000 after buying an additional 63,507 shares in the last quarter. Royal Bank of Canada increased its holdings in Ryman Hospitality Properties by 44.1% in the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust's stock valued at $3,634,000 after buying an additional 12,169 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust's stock worth $3,307,000 after purchasing an additional 27,267 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Ryman Hospitality Properties by 131.0% during the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust's stock worth $1,227,000 after purchasing an additional 7,610 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 209 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Bank of America increased their target price on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Evercore ISI decreased their target price on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company increased their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They set an "overweight" rating and a $117.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $114.75.

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.