Ryman Hospitality Properties (NYSE:RHP) Announces Quarterly Earnings Results, Misses Estimates By $0.93 EPS

Ryman Hospitality Properties (NYSE:RHP) posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.93), Fidelity Earnings reports. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The firm had revenue of $407.70 million during the quarter, compared to analysts’ expectations of $399.41 million. During the same quarter last year, the business earned $1.80 earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Ryman Hospitality Properties updated its FY 2019 guidance to $6.61-6.93 EPS.

Shares of NYSE RHP opened at $80.01 on Friday. The company’s fifty day moving average is $77.62 and its two-hundred day moving average is $81.04. Ryman Hospitality Properties has a one year low of $64.36 and a one year high of $90.02. The firm has a market capitalization of $4.20 billion, a P/E ratio of 13.65, a PEG ratio of 1.89 and a beta of 1.16. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.29 and a current ratio of 1.29.

In other news, CEO Colin V. Reed bought 13,585 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $79.30 per share, with a total value of $1,077,290.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Vermont purchased a new stake in Ryman Hospitality Properties in the 2nd quarter valued at about $32,000. Huntington National Bank grew its holdings in Ryman Hospitality Properties by 75.6% in the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 211 shares during the period. Pinnacle Financial Partners Inc. purchased a new stake in Ryman Hospitality Properties in the 1st quarter valued at about $75,000. FMR LLC grew its holdings in Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 196 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Ryman Hospitality Properties by 15.3% during the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 133 shares during the period. Institutional investors own 87.32% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Saturday, July 27th. ValuEngine lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered shares of Ryman Hospitality Properties from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $80.00 to $77.00 in a research report on Tuesday, July 9th. SunTrust Banks decreased their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, Deutsche Bank restated a “buy” rating and set a $99.00 target price on shares of Ryman Hospitality Properties in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of “Hold” and an average price target of $88.50.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Earnings History for Ryman Hospitality Properties (NYSE:RHP)

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