Ryman Hospitality Properties (NYSE:RHP) Releases Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• Ryman beat quarterly expectations: EPS was $1.42 versus the $1.31 consensus, while revenue rose 13.6% year over year to $748.98 million, above estimates.
• Operating momentum remained strong: Same-store RevPAR and total RevPAR exceeded expectations by roughly 2.5 percentage points, Adjusted EBITDAre beat forecasts by about $7 million, and group ADR increased 7.5% year over year.
• The company raised guidance but plans heavier investment: Ryman increased its 2026 hospitality and JW Desert Ridge EBITDAre guidance, expects $400 million–$500 million in capital expenditures, and continues evaluating potential partners for Opry Entertainment Group without a guaranteed transaction.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) issued its earnings results on Friday. The real estate investment trust reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.11, Zacks reports. Ryman Hospitality Properties had a return on equity of 34.60% and a net margin of 9.91%.The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. Ryman Hospitality Properties's revenue for the quarter was up 13.6% on a year-over-year basis.

Here are the key takeaways from Ryman Hospitality Properties' conference call:

• Ryman reported a strong second quarter, with same-store RevPAR and total RevPAR each exceeding expectations by approximately 2.5 percentage points and Adjusted EBITDAre outperforming by about $7 million. The company raised its 2026 Adjusted EBITDAre guidance midpoints for same-store hospitality by $10 million and JW Desert Ridge by $1 million.
• Group demand remains resilient, with group ADR up 7.5% year over year and catering contribution per group room night up nearly 13%, reflecting stronger premium-customer mix and spending. Future group bookings also grew 6.7% year over year at a record quarterly ADR of approximately $310.
• The JW Marriott portfolio strategy is gaining traction, including 129,000 multi-year rotational group room nights booked across JW Desert Ridge and JW Hill Country. Entertainment Adjusted EBITDAre rose nearly 30% year over year to a quarterly record, supported by strong festivals and venue performance.
• Ryman continues to evaluate potential outside investors or partners for Opry Entertainment Group, but has not signed an agreement and cautioned that no transaction is assured. The company expects 2026 capital expenditures of approximately $400 million to $500 million, about $50 million higher at the midpoint due to accelerated projects, while maintaining nearly $1.3 billion of total liquidity.

Ryman Hospitality Properties Price Performance

Shares of RHP stock traded down $3.31 during mid-day trading on Friday, hitting $120.92. 796,709 shares of the stock were exchanged, compared to its average volume of 548,743. Ryman Hospitality Properties has a 52-week low of $83.82 and a 52-week high of $137.46. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.15. The company has a market cap of $7.63 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The firm has a fifty day moving average of $126.00 and a 200 day moving average of $109.12.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of large investors have recently bought and sold shares of RHP. Virtus Investment Advisers LLC purchased a new stake in Ryman Hospitality Properties in the 4th quarter valued at $158,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Ryman Hospitality Properties during the 4th quarter valued at about $113,000. Advisory Services Network LLC acquired a new position in shares of Ryman Hospitality Properties during the 3rd quarter valued at about $197,000. Norinchukin Bank The grew its holdings in shares of Ryman Hospitality Properties by 4.2% in the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust's stock valued at $267,000 after purchasing an additional 119 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Ryman Hospitality Properties in the third quarter valued at about $147,000. Institutional investors and hedge funds own 94.48% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on RHP shares. Raymond James Financial reiterated an "outperform" rating and issued a $125.00 price objective on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. JPMorgan Chase & Co. lifted their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Morgan Stanley upped their target price on Ryman Hospitality Properties from $105.00 to $112.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 12th. Wells Fargo & Company raised their target price on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Finally, Barclays lifted their price target on Ryman Hospitality Properties from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.10.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group‐oriented, large convention center hotel resorts. The company's portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long‐term management agreements with Marriott International.

Ryman's flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.

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