Ryman Hospitality Properties (NYSE:RHP) Sets New 12-Month Low – Should You Sell?

Ryman Hospitality Properties, Inc. (NYSE:RHP) hit a new 52-week low during trading on Thursday . The stock traded as low as $93.17 and last traded at $94.12, with a volume of 412163 shares trading hands. The stock had previously closed at $96.87.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BMO Capital Markets assumed coverage on Ryman Hospitality Properties in a research report on Monday, December 9th. They set an “outperform” rating and a $133.00 price target for the company. Wells Fargo & Company reduced their price target on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and set a $133.00 price target (down from $136.00) on shares of Ryman Hospitality Properties in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

Ryman Hospitality Properties Stock Performance

The stock has a 50 day simple moving average of $101.60 and a 200 day simple moving average of $106.54. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a market cap of $5.79 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.71 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. The firm had revenue of $647.63 million for the quarter, compared to the consensus estimate of $656.01 million. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. On average, equities analysts expect that Ryman Hospitality Properties, Inc. will post 8.81 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, March 31st. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 104.78%.

Insider Activity at Ryman Hospitality Properties

In related news, Director Alvin L. Bowles, Jr. sold 473 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $97.03, for a total transaction of $45,895.19. Following the sale, the director now owns 2,675 shares of the company’s stock, valued at $259,555.25. This trade represents a 15.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Colin V. Reed bought 8,231 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $97.54 per share, with a total value of $802,851.74. Following the completion of the transaction, the chairman now owns 832,260 shares in the company, valued at $81,178,640.40. The trade was a 1.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantinno Capital Management LP raised its position in shares of Ryman Hospitality Properties by 2.2% in the 4th quarter. Quantinno Capital Management LP now owns 4,644 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 98 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Ryman Hospitality Properties by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 4,469 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 125 shares in the last quarter. Arizona State Retirement System raised its position in shares of Ryman Hospitality Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,515 shares of the real estate investment trust’s stock worth $1,723,000 after acquiring an additional 132 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Ryman Hospitality Properties by 44.9% in the 3rd quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Ryman Hospitality Properties by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 7,264 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 152 shares in the last quarter. 94.48% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

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.