Ryman Hospitality Properties
Owns group-focused resorts and country-music venues, media, and live events.
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Profile
Owns Gaylord and JW Marriott group resorts and controls Opry Entertainment Group, earning from hotel stays, meetings, food and beverage, venues, media, and live events. Marriott manages the hotel portfolio, while entertainment is housed in a taxable REIT subsidiary with a minority investor.
Owns a U.S. portfolio of large, group-oriented convention resorts under the Gaylord Hotels and JW Marriott brands. Hospitality revenue comes from rooms, food and beverage, meeting space, and resort amenities; Marriott manages every hotel under long-term agreements. The portfolio spans major convention and leisure markets from Nashville and Orlando to Texas, Washington, Colorado, and Phoenix.
Controls Opry Entertainment Group, whose venues, media, and live-event businesses include the Grand Ole Opry, Ryman Auditorium, WSM-AM, Ole Red, Category 10, Block 21, and Southern Entertainment. OEG also manages amphitheaters and produces festivals, extending the entertainment footprint beyond its Nashville base.
Pairs meetings-focused real estate with advance group bookings and music-centered experiences. Results depend on Marriott’s hotel operations, group meeting demand, live-event attendance, and maintaining REIT qualification; Entertainment operates through a taxable REIT subsidiary with a minority investor.
Company facts
Key statistics
Year to date +35.5% · Average volume (30d) 811.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 27, 2026 | Barclays | Reiterate | Overweight | $130 | $147 |
| Aug 12, 2026 | Jefferies | Reiterate | Buy | $130 | $145 |
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $124 | $135 |
| Jul 23, 2026 | Wells Fargo | Reiterate | Overweight | $136 | |
| Jul 21, 2026 | Barclays | Reiterate | Overweight | $120 | $130 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.31 | $1.42 | +8.4% | $734.6M | $749.0M | +2.0% | −2.73% |
| Apr 30, 2026Q1 FY26 | $2.03 | $2.32 | +14.3% | $648.3M | $664.6M | +2.5% | +1.08% |
| Feb 23, 2026Q4 FY25 | $2.22 | $2.38 | +7.2% | $716.0M | $737.8M | +3.0% | −0.28% |
| Nov 3, 2025Q3 FY25 | $1.59 | $1.63 | +2.5% | $715.5M | $592.5M | −17.2% | +1.67% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $587.3M | $659.5M | $592.5M | $737.8M | $664.6M | $749.0M | |
| Gross profit | $190.7M | $217.2M | $174.5M | $81.2M | $73.8M | $109.1M | |
| Operating income | $116.1M | $139.4M | $88.6M | $142.9M | $137.8M | $174.5M | |
| Net income | $63.0M | $71.8M | $34.9M | $73.8M | $70.5M | $92.8M | |
| Diluted EPS | $1.00 | $1.12 | $0.53 | $1.12 | $1.04 | $1.42 | |
| Gross margin | 32.5% | 32.9% | 29.4% | 11.0% | 11.1% | 14.6% | |
| Operating margin | 19.8% | 21.1% | 15.0% | 19.4% | 20.7% | 23.3% |
Fiscal years (4-quarter sums)FY21 $939.4M · FY22 $1.81B · FY23 $2.16B · FY24 $2.34B · FY25 $2.58B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $397.8M · Total debt $4.13B · Total assets $6.19B · Shareholders' equity $748.3M
Dividends
Raised for 3 straight years — most recently to $1.20 from $1.15 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $1.20 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $1.20 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $1.20 | raised from $1.15 |
| Sep 30, 2025 | Sep 30 | Oct 15 | $1.15 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $1.15 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $1.15 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $1.15 | raised from $1.10 |
| Sep 30, 2024 | Sep 30 | Oct 15 | $1.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 63.11M · Float 61.11M · 96.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 11.19M | 17.73% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.04M | 9.57% | 13F | Aug 13, 2026 |
| State Street Corp | 3.53M | 5.59% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.74M | 4.34% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 1.73M | 2.74% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 27, 2026 | Colin V. Reed | director, officer: Exec. Chairman of the Board | +7,800 | $100.67 |
| Nov 7, 2025 | Colin V. Reed | director, officer: Exec. Chairman of the Board | +8,993 | $92.16 |
Peers
- Host Hotels & Resorts
Largest lodging REIT peer in luxury and upper-upscale hotels
- Park Hotels & Resorts
Full-service lodging REIT peer in group and resort demand
- Xenia Hotels & Resorts
Luxury and upper-upscale REIT peer with group exposure
- Pebblebrook Hotel Trust
Urban and resort lifestyle hotel REIT peer
- Live Nation Entertainment
Live entertainment peer for venues, festivals, and artists
- DiamondRock Hospitality
Premium hotel and destination resort REIT peer
- Sunstone Hotel Investors
Lodging REIT peer with resort and meeting-space exposure
- Apple Hospitality REIT
Broad hotel REIT peer in rooms-focused lodging ownership
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ryman Hospitality Properties | $129.33 | −0.01% | $8.16B | 31.5 | 27.0 | 3.0 | +13.6% |
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| Apple Hospitality REIT | $16.68 | +0.72% | $3.91B | 22.4 | 23.2 | 2.7 | +4.7% |
| Median | 19.9 | 28.1 | 1.9 | +3.8% |