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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $112.40.

Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They issued an “equal weight” rating and a $92.00 price target for the company. Cantor Fitzgerald assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $108.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Ryman Hospitality Properties in a research report on Wednesday, October 8th. Bank of America lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Saturday.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $87.57 on Tuesday. The company has a fifty day moving average of $94.02 and a 200-day moving average of $95.25. The firm has a market capitalization of $5.52 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.61 and a beta of 1.57. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.72. Ryman Hospitality Properties has a twelve month low of $76.27 and a twelve month high of $121.77.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company 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 business posted $2.78 EPS. Ryman Hospitality Properties’s revenue for the quarter was up 7.5% compared to the same quarter last year. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. As a group, sell-side analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 109.79%.

Insider Transactions at Ryman Hospitality Properties

In other news, Director H Eric Bolton, Jr. acquired 2,000 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $95.33 per share, with a total value of $190,660.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at $190,660. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust’s stock worth $813,748,000 after acquiring an additional 603,936 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust’s stock worth $316,576,000 after acquiring an additional 207,419 shares during the last quarter. State Street Corp boosted its holdings in Ryman Hospitality Properties by 0.6% during the 2nd quarter. State Street Corp now owns 3,375,908 shares of the real estate investment trust’s stock worth $336,901,000 after acquiring an additional 20,756 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ryman Hospitality Properties by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,502,288 shares of the real estate investment trust’s stock worth $148,248,000 after acquiring an additional 9,629 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Ryman Hospitality Properties by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 1,212,052 shares of the real estate investment trust’s stock worth $119,593,000 after acquiring an additional 144,870 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.