Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $128.57.

RHP has been the topic of a number of research analyst reports. Truist Financial upped their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research note on Wednesday, November 6th. They issued a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price objective on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research report on Monday, December 9th. They issued an “outperform” rating and a $133.00 target price for the company.

Ryman Hospitality Properties Stock Down 1.7 %

Shares of Ryman Hospitality Properties stock opened at $103.63 on Friday. The company has a 50-day simple moving average of $109.25 and a two-hundred day simple moving average of $106.64. The stock has a market capitalization of $6.21 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.50 and a beta of 1.67. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Ryman Hospitality Properties will post 8.48 EPS for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.15 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 4.44%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 81.71%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the transaction, the director now owns 4,825 shares of the company’s stock, valued at $549,953.50. This trade represents a 20.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ryman Hospitality Properties by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock valued at $156,427,000 after buying an additional 12,323 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after purchasing an additional 6,289 shares in the last quarter. Hamlin Capital Management LLC bought a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $65,142,000. Finally, Duff & Phelps Investment Management Co. increased its holdings in shares of Ryman Hospitality Properties by 10.6% in the third quarter. Duff & Phelps Investment Management Co. now owns 611,031 shares of the real estate investment trust’s stock worth $65,527,000 after purchasing an additional 58,685 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.