Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Consensus Recommendation of “Buy” from Brokerages

Ryman Hospitality Properties, Inc. (NYSE:RHP) has earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $132.33.

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Citigroup boosted their price target on Ryman Hospitality Properties from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Wells Fargo & Company increased their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on Ryman Hospitality Properties from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald lifted their price objective on Ryman Hospitality Properties from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th.

Ryman Hospitality Properties Stock Up 1.0%

Shares of Ryman Hospitality Properties stock opened at $121.98 on Friday. Ryman Hospitality Properties has a twelve month low of $83.82 and a twelve month high of $137.46. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The company has a fifty day moving average price of $126.19 and a 200 day moving average price of $115.38.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. The company had revenue of $748.98 million for the quarter, compared to analysts’ expectations of $734.59 million. Ryman Hospitality Properties had a return on equity of 34.54% and a net margin of 9.91%.The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 earnings per share. Equities research analysts forecast that Ryman Hospitality Properties will post 9.21 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is 117.36%.

Institutional Trading of Ryman Hospitality Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in Ryman Hospitality Properties by 437.0% during the 1st quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 236 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $43,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at about $51,000. Creative Financial Designs Inc. ADV lifted its position in shares of Ryman Hospitality Properties by 104.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 565 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 288 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Ryman Hospitality Properties by 134.9% during the fourth quarter. Hantz Financial Services Inc. now owns 693 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 94.48% of the company’s stock.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company’s hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman’s Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.