Ryman Hospitality Properties (NYSE:RHP) Sets New 1-Year High on Earnings Beat

Ryman Hospitality Properties, Inc. (NYSE:RHP) shares hit a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $108.72 and last traded at $108.3950, with a volume of 46900 shares traded. The stock had previously closed at $105.09.

The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.20. Ryman Hospitality Properties had a return on equity of 32.46% and a net margin of 9.45%.The business had revenue of $664.57 million during the quarter, compared to analysts’ expectations of $648.31 million. During the same period in the prior year, the business earned $2.08 EPS. Ryman Hospitality Properties’s revenue for the quarter was up 13.2% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2026 guidance at 8.770-9.140 EPS.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Ryman Hospitality Properties’s dividend payout ratio is presently 127.66%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RHP. Weiss Ratings raised Ryman Hospitality Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 22nd. Truist Financial increased their target price on Ryman Hospitality Properties from $121.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Cantor Fitzgerald increased their target price on Ryman Hospitality Properties from $108.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Barclays increased their target price on Ryman Hospitality Properties from $109.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley raised Ryman Hospitality Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $88.00 to $105.00 in a research note on Friday, April 10th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $115.00.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several hedge funds have recently made changes to their positions in RHP. Cornerstone Planning Group LLC grew its stake in shares of Ryman Hospitality Properties by 2,241.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 281 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 269 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Ryman Hospitality Properties by 283.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 295 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryman Hospitality Properties by 61.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 113 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Ryman Hospitality Properties by 155.0% in the 4th quarter. Global Retirement Partners LLC now owns 283 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 172 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 240.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 209 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

Ryman Hospitality Properties Trading Up 3.9%

The company has a market cap of $6.89 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.21 and a beta of 1.19. The company has a debt-to-equity ratio of 5.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a fifty day moving average price of $97.33 and a 200 day moving average price of $95.34.

About Ryman Hospitality Properties

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.