Ryman Hospitality Properties Inc (NYSE:RHP) – Equities research analysts at SunTrust Banks increased their FY2019 earnings estimates for shares of Ryman Hospitality Properties in a report released on Monday, November 11th. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will post earnings of $6.90 per share for the year, up from their prior estimate of $6.89. SunTrust Banks currently has a “Hold” rating and a $85.00 target price on the stock. SunTrust Banks also issued estimates for Ryman Hospitality Properties’ Q1 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.78 EPS, Q4 2020 earnings at $2.21 EPS and FY2020 earnings at $8.00 EPS.
Several other research analysts have also recently weighed in on RHP. ValuEngine cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Co raised their price objective on Ryman Hospitality Properties from $89.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank reissued a “buy” rating and issued a $106.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating on the stock in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $90.60.
Shares of NYSE:RHP opened at $88.06 on Tuesday. Ryman Hospitality Properties has a 52-week low of $64.36 and a 52-week high of $91.15. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.08 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 8.63. The business has a 50-day moving average price of $83.90 and a 200-day moving average price of $81.07.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 62.86% and a net margin of 17.14%. The firm had revenue of $379.79 million during the quarter, compared to analysts’ expectations of $370.70 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of RHP. BlackRock Inc. grew its holdings in Ryman Hospitality Properties by 15.9% in the second quarter. BlackRock Inc. now owns 5,780,521 shares of the real estate investment trust’s stock valued at $468,740,000 after purchasing an additional 793,598 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Ryman Hospitality Properties by 3,984.8% in the second quarter. Nuveen Asset Management LLC now owns 493,734 shares of the real estate investment trust’s stock worth $40,037,000 after acquiring an additional 481,647 shares during the last quarter. Copper Rock Capital Partners LLC acquired a new stake in shares of Ryman Hospitality Properties in the third quarter worth approximately $22,752,000. Duff & Phelps Investment Management Co. boosted its stake in shares of Ryman Hospitality Properties by 52.6% in the second quarter. Duff & Phelps Investment Management Co. now owns 589,726 shares of the real estate investment trust’s stock worth $47,821,000 after acquiring an additional 203,175 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in shares of Ryman Hospitality Properties in the second quarter worth approximately $10,850,000. 87.56% of the stock is currently owned by institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, September 27th. Ryman Hospitality Properties’s payout ratio is currently 61.43%.
Ryman Hospitality Properties Company Profile
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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