Ryman Hospitality Properties (NYSE:RHP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ryman Hospitality Properties (NYSE:RHP) from a sell rating to a hold rating in a report issued on Friday.

A number of other brokerages have also weighed in on RHP. Wells Fargo & Company boosted their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Truist Financial decreased their target price on Ryman Hospitality Properties from $127.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Bank of America boosted their target price on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. initiated coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They issued an “overweight” rating and a $117.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $115.50.

Ryman Hospitality Properties Price Performance

RHP opened at $92.72 on Friday. The stock has a 50-day moving average price of $96.92 and a 200-day moving average price of $95.51. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $5.84 billion, a PE ratio of 22.13, a P/E/G ratio of 1.67 and a beta of 1.58. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The business had revenue of $659.52 million during the quarter, compared to analyst estimates of $616.56 million. During the same quarter in the previous year, the firm earned $2.78 EPS. Ryman Hospitality Properties’s revenue was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Sell-side analysts predict that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.0%. Ryman Hospitality Properties’s dividend payout ratio is presently 109.79%.

Insider Activity at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $95.33 per share, for a total transaction of $190,660.00. Following the purchase, the director owned 2,000 shares in the company, valued at $190,660. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 209 shares during the period. AlphaQuest LLC grew its stake in shares of Ryman Hospitality Properties by 492.9% during the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 276 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Ryman Hospitality Properties by 140.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 483 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 282 shares during the period. Fifth Third Bancorp grew its stake in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 367 shares during the period. Finally, First Community Trust NA grew its stake in shares of Ryman Hospitality Properties by 20.0% during the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 100 shares during the period. 94.48% of the stock is currently 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.