Ryman Hospitality Properties (NYSE:RHP) Issues Quarterly Earnings Results

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) posted its earnings results on Monday. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04, Zacks reports. The company had revenue of $659.52 million for the quarter, compared to analyst estimates of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. Ryman Hospitality Properties's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.78 EPS. Ryman Hospitality Properties updated its FY 2025 guidance to 7.930-8.490 EPS.

Ryman Hospitality Properties Stock Performance

NYSE RHP traded down $0.79 during trading hours on Friday, hitting $93.54. 104,281 shares of the stock were exchanged, compared to its average volume of 817,397. The company has a quick ratio of 1.55, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.18 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 $98.97 and a 200 day moving average of $96.68.

Insider Activity at Ryman Hospitality Properties

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

Hedge Funds Weigh In On Ryman Hospitality Properties

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RHP. Evercore ISI reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. assumed coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price objective for the company. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.