Ryman Hospitality Properties, Inc. (NYSE:RHP) to Post Q2 2024 Earnings of $2.33 Per Share, Wedbush Forecasts

Ryman Hospitality Properties, Inc. (NYSE:RHPFree Report) – Analysts at Wedbush boosted their Q2 2024 earnings per share estimates for shares of Ryman Hospitality Properties in a research report issued to clients and investors on Monday, April 1st. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $2.33 for the quarter, up from their previous estimate of $2.21. The consensus estimate for Ryman Hospitality Properties’ current full-year earnings is $8.57 per share. Wedbush also issued estimates for Ryman Hospitality Properties’ Q3 2024 earnings at $1.85 EPS, Q4 2024 earnings at $2.13 EPS and FY2025 earnings at $8.49 EPS.

RHP has been the subject of a number of other research reports. Truist Financial lifted their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Raymond James boosted their target price 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. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. upgraded shares of Ryman Hospitality Properties from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $89.00 to $102.00 in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Read Our Latest Stock Analysis on Ryman Hospitality Properties

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock opened at $113.53 on Wednesday. The stock’s fifty day simple moving average is $115.65 and its 200 day simple moving average is $103.73. Ryman Hospitality Properties has a 12 month low of $79.86 and a 12 month high of $122.91. The company has a market capitalization of $6.78 billion, a PE ratio of 21.92, a PEG ratio of 0.81 and a beta of 1.57. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.90.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors have recently bought and sold shares of RHP. GAMMA Investing LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter valued at approximately $27,000. Parallel Advisors LLC lifted its holdings in Ryman Hospitality Properties by 6,550.0% during the fourth quarter. Parallel Advisors LLC now owns 266 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 262 shares during the period. KB Financial Partners LLC purchased a new stake in Ryman Hospitality Properties during the first quarter worth $25,000. Signaturefd LLC lifted its holdings in Ryman Hospitality Properties by 518.9% during the fourth quarter. Signaturefd LLC now owns 328 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 275 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Ryman Hospitality Properties by 667.4% during the 1st quarter. Lazard Asset Management LLC now owns 330 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 287 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Ryman Hospitality Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Wednesday, March 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 84.94%.

About Ryman Hospitality Properties

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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.

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