Ryman Hospitality Properties (NYSE:RHP) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Ryman Hospitality Properties (NYSE:RHP) from a neutral rating to an underweight rating in a research note published on Tuesday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $77.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $80.00.

Shares of NYSE RHP opened at $76.64 on Tuesday. The firm has a 50 day simple moving average of $80.35. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.51 and a beta of 1.17. Ryman Hospitality Properties has a 1 year low of $64.36 and a 1 year high of $90.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.88.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $363.63 million. Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 EPS. Analysts predict that Ryman Hospitality Properties will post 6.71 EPS for the current year.



The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, June 27th. Ryman Hospitality Properties’s dividend payout ratio is presently 61.43%.

In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $83.05, for a total transaction of $269,912.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. acquired a new stake in Ryman Hospitality Properties during the 4th quarter valued at approximately $25,000. Pinnacle Financial Partners Inc. acquired a new stake in Ryman Hospitality Properties during the 1st quarter valued at approximately $75,000. FMR LLC increased its position in Ryman Hospitality Properties by 24.5% during the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 196 shares during the period. Advisory Services Network LLC increased its position in Ryman Hospitality Properties by 15.3% during the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 133 shares during the period. Finally, Advisor Group Inc. increased its position in Ryman Hospitality Properties by 18.8% during the 4th quarter. Advisor Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 273 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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Analyst Recommendations for Ryman Hospitality Properties (NYSE:RHP)

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