Ryman Hospitality Properties (RHP) stock plummeted 5.08% in the intraday trading session on Friday, underperforming the broader market. The decline came after the company reported disappointing fourth-quarter earnings results for the period ended December 31, 2024.
The hospitality REIT reported adjusted earnings per share of $1.13, falling short of analysts' expectations of $1.21 per share. Additionally, the company's revenue of $647.63 million, although up 2.3% year-over-year, missed Wall Street's estimates of $656.57 million.
Despite the earnings miss, Ryman Hospitality Properties maintained a strong buy rating from analysts, with a median 12-month price target of $125.00. However, the disappointing financial performance appears to have weighed heavily on investor sentiment, leading to the significant intraday sell-off in the stock.
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