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Friday, January 21, 2022

Ryman Hospitality Properties Inc. (RHP) is Waving the Bull Flag

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Many stocks have been testing new highs in 2020, and one of the most notable is Ryman Hospitality Properties Inc. (RHP). Currently, RHP is trading at $48.20 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $37.67.

To add more color to this target, the company’s high over the last year is $91.57 and the low is $13.25. Over the last 52 weeks, RHP is down -47.36% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RHP reported a profit of $71.6 million. Ryman Hospitality Properties Inc. also saw revenues increase to $313.03 million. In addition, RHP has free cash flow of -$38.5 million as of 03-2020 The company’s EBITDA came in at $59.99 million which compares well with its peers.

RHP booked profit margins of 4.50%, its Return on Equity (ROE) is 14.30%, and its Return on Assets is 1.70%. All told, it is clear that, RHP needs to be on your watchlist.

About Ryman Hospitality Properties Inc.

If readers are unfamiliar, Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company’s core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company’s Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint-venture with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary. In December 2019, the Company announced plans to acquire Block 21 a mixed-use entertainment, lodging, office and retail complex that includes the 251-room W Hotel Austin, 53,000 square feet of Class A commercial space and the 2,750-seat ACL Live at the Moody Theater, in Austin, Texas. The transaction is expected to close in the second quarter of 2020.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RHP has a short ratio of 1.78 and outstanding shares of 54.91M.

Company Outlook

RHP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.32 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.39. Ryman Hospitality Properties Inc. RHP also noted assets of $4.34 billion at the end of the last quarter. Investors should also keep an eye on sector updates as RHP has historically followed its peers on positive news.

All told, Ryman Hospitality Properties Inc. RHP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RHP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Ryman Hospitality Properties Inc. RHP is now commanding a market cap of 2.65B and a float of 53.17M. RHP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RHP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RHP, either long or short, and we have not been compensated for this article.

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