RHP Stock Summary and Trading Ideas (Ryman Hospitality Props | NYSE:RHP)

Ryman Hospitality Properties Inc is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Its core holdings are 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. The company has three business segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel, Entertainment which includes the entertainment and media assets comprising OEG, and Corporate and Other, which includes corporate expenses. It derives the vast majority of its revenue from its Hospitality segment.

Ryman Hospitality Props trades on the NYSE stock market under the symbol RHP.

As of April 23, 2024, RHP stock price climbed to $108.57 with 117,446 million shares trading.

RHP has a beta of 1.23, meaning it tends to be more sensitive to market movements. RHP has a correlation of 0.39 to the broad based SPY ETF.

RHP has a market cap of $6.48 billion. This is considered a Mid Cap stock.

Last quarter Ryman Hospitality Props reported $633 million in Revenue and $2.08 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.09.

In the last 3 years, RHP stock traded as high as $122.91 and as low as $68.64.

The top ETF exchange traded funds that RHP belongs to (by Net Assets): VNQ, VTI, VB, IWM, VXF.

RHP has outperformed the market in the last year with a return of +24.6%, while the SPY ETF gained +24.2%. However, in the most recent history, RHP shares have underperformed the stock market with its stock returning -2.8% in the last 3 month period and -6.6% for the last 2 week period, while SPY has returned +4.9% and -2.6%, respectively.

RHP support price is $104.73 and resistance is $108.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RHP stock will trade within this expected range on the day.