Ryman Hospitality Properties (NYSE:RHP) Updates FY24 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $8.39-$8.68 for the period, compared to the consensus EPS estimate of $8.22.

Ryman Hospitality Properties Stock Performance

Shares of Ryman Hospitality Properties stock traded up $1.39 during trading hours on Monday, reaching $108.92. The company’s stock had a trading volume of 824,143 shares, compared to its average volume of 451,934. Ryman Hospitality Properties has a one year low of $88.14 and a one year high of $122.91. The company’s 50 day simple moving average is $106.66 and its 200 day simple moving average is $103.76. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $6.52 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.04 and a beta of 1.65.

Ryman Hospitality Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 82.55%.

Analyst Ratings Changes

RHP has been the subject of a number of recent research reports. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.20.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $97.78 per share, for a total transaction of $789,769.06. Following the completion of the acquisition, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Colin V. Reed acquired 8,077 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now directly owns 827,220 shares in the company, valued at approximately $80,885,571.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.00% of the stock is owned by corporate insiders.

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.