Ryman Hospitality Properties (RHP)

NYSEReal EstateReit - Hotel & MotelSnapshot 2026-10-23

$130.38-0.67%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Ryman Hospitality Properties’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	854.92M
EPS	—	1.267
Annual ending 2026-12-31
Revenue	—	2.91B
EPS	—	4.1
Annual ending 2027-12-31
Revenue	—	3.25B
EPS	—	5.021

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Dividend per share grows to at least $1.20 per share in Q1 2026	Dividends increased from $1.15 to $1.20 per share.	Intact	Dividend per share falls below $1.15 in 2026	Dividend per share: $1.20 per share FY2026-Q2; GAAP. Published target: >= $1.20. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 20261.2 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a8851bc4-cd0e-4af2-b660-f839a119f0d5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Dividend per share increased modestly from $1.15 in 2025-Q3 to $1.20 in 2026-Q2, reflecting management's commitment to maintaining and growing shareholder returns. The trajectory matches management's stated capital allocation focus. Delivery assessment Oct 24, 2026
EPS reaches about $3.87 in FY 2026	The company raised 2026 revenue guidance to about $883M and EPS to $3.87.	Intact	EPS falls below $3.47 (2025 guidance mid) in 2026	Diluted EPS: $1.42 per share FY2026-Q2; GAAP. Published target: ~$3.87. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 7, 20261.42 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a8851bc4-cd0e-4af2-b660-f839a119f0d5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income rises to at least $138M in Q1 2026	A primary condition in Ryman Hospitality Properties's published investment case. The stated target is >= $138M.	Improving	Operating income falls below $116M in any quarter in 2026	Operating income: $174.545M FY2026-Q2; GAAP. Published target: >= $138M. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 2026174,545,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a8851bc4-cd0e-4af2-b660-f839a119f0d5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue grows to about $883M in Q4 2026	A primary condition in Ryman Hospitality Properties's published investment case. The stated target is ~$883M.	Intact	Revenue falls below $787M (2025 guidance mid) in 2026	Revenue: $748.978M FY2026-Q2; GAAP. Published target: ~$883M. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 7, 2026748,978,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a8851bc4-cd0e-4af2-b660-f839a119f0d5. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue$3.25B

$2.91B → $3.25B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$2,912,512,120	2 / 10
2026-07-25	Unavailable	$2,913,613,770	1 / 10
2026-07-26	Unavailable	$2,913,613,770	1 / 10
2026-07-27	Unavailable	$2,913,613,770	1 / 10
2026-07-28	Unavailable	$2,913,613,770	1 / 10
2026-07-29	Unavailable	$2,913,613,770	1 / 10
2026-07-30	Unavailable	$2,916,771,697	3 / 8
2026-07-31	Unavailable	$2,919,626,381	3 / 8
2026-08-01	Unavailable	$2,919,626,381	3 / 8
2026-08-02	Unavailable	$2,918,855,460	1 / 11
2026-08-03	Unavailable	$2,918,855,460	1 / 11
2026-08-04	Unavailable	$2,919,626,381	3 / 8
2026-08-05	Unavailable	$2,919,626,381	3 / 8
2026-08-06	Unavailable	$2,918,855,460	1 / 11
2026-08-08	Unavailable	$2,919,626,381	3 / 8
2026-08-09	Unavailable	$2,918,855,460	1 / 11
2026-08-10	Unavailable	$2,918,855,460	1 / 11
2026-08-12	Unavailable	$2,920,391,140	1 / 10
2026-08-13	Unavailable	$2,919,626,381	3 / 8
2026-08-14	Unavailable	$2,919,626,381	3 / 8
2026-08-15	Unavailable	$2,919,626,381	3 / 8
2026-08-16	Unavailable	$2,919,626,381	3 / 8
2026-08-17	Unavailable	$2,919,626,381	3 / 8
2026-08-18	Unavailable	$2,919,626,381	3 / 8
2026-08-19	Unavailable	$2,919,626,381	3 / 7
2026-08-20	Unavailable	$3,054,515,253	3 / 6
2026-08-21	Unavailable	$3,054,515,253	3 / 6
2026-08-22	Unavailable	$3,054,515,253	3 / 6
2026-08-23	Unavailable	$3,054,515,253	3 / 6
2026-08-24	Unavailable	$3,054,515,253	3 / 6
2026-08-25	Unavailable	$3,082,661,922	3 / 6
2026-08-26	Unavailable	$3,119,059,772	3 / 6
2026-08-27	Unavailable	$3,119,059,772	3 / 6
2026-08-28	Unavailable	$3,119,059,772	3 / 6
2026-08-29	Unavailable	$3,119,059,772	3 / 6
2026-08-30	Unavailable	$3,139,437,933	3 / 6
2026-08-31	Unavailable	$3,139,437,933	3 / 6
2026-09-01	Unavailable	$3,139,437,933	3 / 6
2026-09-02	Unavailable	$3,139,437,933	3 / 6
2026-09-03	Unavailable	$3,139,437,933	3 / 6
2026-09-04	Unavailable	$3,139,437,933	3 / 6
2026-09-05	Unavailable	$3,139,437,933	3 / 6
2026-09-06	Unavailable	$3,139,437,933	3 / 6
2026-09-07	Unavailable	$3,139,437,933	3 / 6
2026-09-08	Unavailable	$3,139,437,933	3 / 6
2026-09-09	Unavailable	$3,139,437,933	3 / 6
2026-09-10	Unavailable	$3,139,437,933	3 / 6
2026-09-11	Unavailable	$3,153,926,438	3 / 6
2026-09-12	Unavailable	$3,153,926,438	3 / 6
2026-09-13	Unavailable	$3,153,926,438	3 / 6
2026-09-14	Unavailable	$3,153,926,438	3 / 6
2026-09-15	Unavailable	$3,210,565,206	3 / 6
2026-09-16	Unavailable	$3,210,565,206	3 / 7
2026-09-17	Unavailable	$3,210,565,206	3 / 7
2026-09-18	Unavailable	$3,210,565,206	3 / 7
2026-09-19	Unavailable	$3,210,565,206	3 / 7
2026-09-20	Unavailable	$3,210,565,206	3 / 7
2026-09-21	Unavailable	$3,210,565,206	3 / 6
2026-09-22	Unavailable	$3,210,565,206	3 / 6
2026-09-23	Unavailable	$3,210,565,206	3 / 6
2026-09-24	Unavailable	$3,210,565,206	3 / 6
2026-09-25	Unavailable	$3,210,565,206	3 / 6
2026-09-26	Unavailable	$3,210,697,024	3 / 6
2026-09-27	Unavailable	$3,210,697,024	3 / 6
2026-09-28	Unavailable	$3,210,697,024	3 / 6
2026-09-29	Unavailable	$3,215,055,605	3 / 6
2026-09-30	Unavailable	$3,215,055,605	3 / 6
2026-10-01	Unavailable	$3,215,084,022	3 / 7
2026-10-02	Unavailable	$3,215,084,022	3 / 7
2026-10-03	Unavailable	$3,215,084,022	3 / 7
2026-10-04	Unavailable	$3,215,084,022	3 / 7
2026-10-05	Unavailable	$3,215,084,022	3 / 7
2026-10-06	Unavailable	$3,215,084,022	3 / 7
2026-10-07	Unavailable	$3,215,084,022	3 / 7
2026-10-08	Unavailable	$3,215,084,022	3 / 7
2026-10-09	Unavailable	$3,215,084,022	3 / 7
2026-10-10	Unavailable	$3,215,084,022	3 / 7
2026-10-11	Unavailable	$3,215,084,022	3 / 7
2026-10-12	Unavailable	$3,215,084,022	3 / 7
2026-10-13	Unavailable	$3,215,084,022	3 / 7
2026-10-14	Unavailable	$3,215,084,022	3 / 7
2026-10-15	Unavailable	$3,215,084,022	3 / 7
2026-10-16	Unavailable	$3,215,084,022	3 / 7
2026-10-17	Unavailable	$3,215,084,022	3 / 7
2026-10-18	Unavailable	$3,215,084,022	3 / 7
2026-10-19	Unavailable	$3,215,084,022	3 / 7
2026-10-20	Unavailable	$3,215,084,022	3 / 7
2026-10-21	Unavailable	$3,215,084,022	3 / 7
2026-10-22	Unavailable	$3,245,995,514	3 / 7
2026-10-23	Unavailable	$3,245,995,514	3 / 8
2026-10-24	Unavailable	$3,245,995,514	3 / 8

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	15	0	0
2026-06-01	15	0	0
2026-07-01	13	0	0
2026-08-01	14	0	0
2026-09-01	14	0	0
2026-10-01	14	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 14 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades3 maintains

Recent actions · Sep 25–Oct 24 · 3 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

BarclaysOct 13 · prior Aug 27

$147.00 → $143.00-2.7%

Raymond JamesSep 28 · prior Jun 8

$125.00 → $130.00+4.0%

$0$80.85$161.70

1 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Dividend per share grows to at least $1.20 per share in Q1 2026Dividend per share: $1.20 per share
EPS reaches about $3.87 in FY 2026Diluted EPS: $1.42 per share
Operating income rises to at least $138M in Q1 2026Operating income: $174.545M
Revenue grows to about $883M in Q4 2026Revenue: $748.978M

Next proof point

Nov 2, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.9%Typical daily move · historical

Downside history

-14.3%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Ryman Hospitality Properties outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

RHP is a hotel and resort real estate growth story with some rate sensitivity. The long-term thesis is intact, supported by strong recent financial performance, but management execution has been volatile and confidence in the evidence is medium.

What's priced into Ryman Hospitality Properties

RHP trades at a premium to peers, while the valuation evidence points to a meaningful expectations gap and a possible re-rating as a key driver. The model has low confidence, and expensive valuation alongside weak execution quality makes the priced-in setup fragile.

What the fundamentals likely do

Near term, revenue and operating income have grown, management has raised full-year guidance, and the Grande Lakes Orlando acquisition is complete. Management has also modestly increased the dividend, while the recent miss risk is described as low; a guidance cut on the next call remains a meaningful risk.

What Ryman Hospitality Properties hinges on

Over the next year, a shift to Fed rate cuts could support rate-sensitive real estate, while continued strong results and guidance from sector peers could sustain sector momentum. The multi-year view also hinges on RHP executing after its Orlando expansion and maintaining its recent operating gains; weaker guidance would challenge that progress.