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Ryman Hospitality Properties Inc

Ryman Hospitality Properties Inc

RHP
$126.67USD↑+1.33%+1.66 today

MARKET CAP

8.0B

P/E (TTM)

33.4x

FWD P/E

28.4x

DAY RANGE

$123 – $128

52W RANGE

$84
$132

AI Summary

Stalk
StalkMedium

RHP remains in a Stage 2 advancing trend with persistent HH/HL structure above rising EMAs. Recent sideways chop around flattening 9/21 EMAs and an overbought tag suggest short‐term timing is unfavorable. We maintain a bullish medium‐term stance supported by dynamic support from the EMA band and rising 50 DMA, but defer entry. Pullbacks into the rising EMA band or the 50 DMA offer a tactically improved entry opportunity.

  • ↑Q1 2026 revenue of $300 M (+12% YoY); Adj. EBITDA $90 M (+15% YoY)
  • ↑Group room nights booked up 27% YoY; corporate bookings ≈2/3 of mix
  • ↓Profitability factor remains negative, hindering margin expansion
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading real estate investment trust focused primarily on the hospitality and entertainment sectors. The company owns and operates a portfolio of premium hotels and resorts with a strong brand presence through Gaylord Hotels and a vibrant entertainment division via Opry Entertainment Group. RHP leverages its assets' unique positioning in strategic markets, particularly within Nashville and Las Vegas, to create a comprehensive offering that caters to both leisure and corporate travelers.

Bull says

  • ↑Q1 2026 revenue of $300 M (+12% YoY); Adj. EBITDA $90 M (+15% YoY)
  • ↑Group room nights booked up 27% YoY; corporate bookings ≈2/3 of mix
  • ↑ADR rose to $210 (+5% YoY), signaling pricing power
  • ↑Unrestricted cash $424 M; total liquidity ~$1.35 B supports growth
  • ↑Acquisition of JW Desert Ridge expands premium group capacity
  • ↑High earnings yield and positive analyst revisions suggest undervaluation

Bear says

  • ↓Profitability factor remains negative, hindering margin expansion
  • ↓Cancellations up in government/government-related segments, denting demand
  • ↓Rising supply in Nashville’s entertainment market may compress pricing
  • ↓2026 capex guidance of $350–450 M poses execution and cost-overrun risk
  • ↓Low institutional ownership limits stock support amid volatility
  • ↓Company size disadvantage vs peers could weaken competitive positioning

Investment themes with RHP

Hotel & Resorts REITs↑ +0.26%

RHP · APLE · DRH

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-02-2026neutral

Transcript signals

Bull points

  • Our first quarter performance reinforces what we've long believed about this company. The quality of our assets, the durability of our business model, and the way we allocate capital delivers superior outcomes for our customers and attractive, sustainable returns for our shareholders.
  • In our same-store hospitality business, we grew revenue and market share and expanded margin on slightly fewer room nights, a clear demonstration of pricing discipline, mixed management towards higher-value customers, and enhanced monetization of on-site demand.
  • Results were particularly strong for the assets that have recently benefited from the capital investments. Gaylord Opryland delivered record first quarter revenue and adjusted EBITDA RE. Gaylord Rockies delivered record first quarter revenue. And Gaylord Palms delivered record revenue and adjusted EBITDA RE of any quarter in its history.

Bear points

  • there are some storm clouds in the horizon, and we have to be cognizant of that. So there is a degree of caution in this.
  • there are some storm clouds in the horizon, and we have to be cognizant of that. So there is a degree of caution in this.
  • Entertainment performance finished in line with our expectations while the hospitality business delivered meaningful outperformance.
Read full transcript analysis ›