Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $111.40.

Several brokerages have recently commented on RHP. Cantor Fitzgerald began coverage on Ryman Hospitality Properties in a report on Wednesday, October 1st. They set an “overweight” rating and a $108.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ryman Hospitality Properties in a research note on Friday, October 31st. Morgan Stanley began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday, October 22nd. They set an “equal weight” rating and a $92.00 price objective on the stock. Wells Fargo & Company raised Ryman Hospitality Properties to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Wall Street Zen upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Ryman Hospitality Properties Trading Down 0.1%

Shares of RHP stock traded down $0.08 during trading hours on Friday, hitting $95.43. 158,680 shares of the company were exchanged, compared to its average volume of 742,898. The company has a 50 day simple moving average of $91.00 and a two-hundred day simple moving average of $95.73. Ryman Hospitality Properties has a fifty-two week low of $76.27 and a fifty-two week high of $121.77. The company has a debt-to-equity ratio of 4.72, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $6.01 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.60 and a beta of 1.60.

Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The company had revenue of $592.46 million for the quarter, compared to analyst estimates of $573.40 million. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. Equities analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 4.8%. Ryman Hospitality Properties’s payout ratio is currently 121.69%.

Insider Buying and Selling

In other news, Chairman Colin V. Reed acquired 8,993 shares of Ryman Hospitality Properties stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $92.16 per share, for a total transaction of $828,794.88. Following the acquisition, the chairman directly owned 888,010 shares of the company’s stock, valued at $81,839,001.60. This trade represents a 1.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Trading of Ryman Hospitality Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Community Trust NA increased its stake in shares of Ryman Hospitality Properties by 20.0% during the second quarter. First Community Trust NA now owns 600 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Ryman Hospitality Properties by 61.7% during the third quarter. Caitong International Asset Management Co. Ltd now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 113 shares in the last quarter. Norinchukin Bank The lifted its stake in Ryman Hospitality Properties by 4.2% in the third quarter. Norinchukin Bank The now owns 2,978 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 119 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Ryman Hospitality Properties by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,311 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 130 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in Ryman Hospitality Properties by 0.8% in the second quarter. Yousif Capital Management LLC now owns 16,310 shares of the real estate investment trust’s stock valued at $1,609,000 after purchasing an additional 132 shares during the period. 94.48% of the stock is owned by institutional investors and hedge funds.

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.