Ryman Hospitality Properties dips after $597 million share sale

Ryman Hospitality Properties

11/08/2026 11:30

** Ryman Hospitality Properties' RHP.N shares fall 1.2% to $118.50 premarket 
** Lodging and hospitality real estate investment trust sold 5.1 million shares at $117 apiece to raise $596.7 million
** Offering priced at 2.5% discount to stock's last close
** Stock slipped 0.7% on Monday after RHP unveiled the equity raise
** Proceeds will be used to fund a portion of Ryman's $1.38 billion purchase of Grande Lakes Orlando Resort
** BofA Securities, J.P. Morgan, Morgan Stanley and Wells Fargo Securities acted as joint book-running managers for offering
** All 13 brokerages covering the stock rate "buy" or higher; median PT $130 - data compiled by LSEG
** As of last close, RHP stock up 26.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))