Shares of Ryman Hospitality Properties Inc (NYSE:RHP) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $88.50.
RHP has been the subject of a number of research analyst reports. ValuEngine raised Ryman Hospitality Properties from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. SunTrust Banks cut their price objective on Ryman Hospitality Properties from $85.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, November 29th. Wells Fargo & Co reduced their price objective on Ryman Hospitality Properties from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $106.00 target price on shares of Ryman Hospitality Properties in a research report on Wednesday, November 6th.
Several institutional investors have recently added to or reduced their stakes in RHP. FMR LLC lifted its stake in Ryman Hospitality Properties by 24.5% in the first 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 last quarter. Daiwa Securities Group Inc. lifted its position in shares of Ryman Hospitality Properties by 4.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the real estate investment trust’s stock valued at $714,000 after buying an additional 400 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Ryman Hospitality Properties by 59.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 92,100 shares of the real estate investment trust’s stock valued at $7,468,000 after buying an additional 34,500 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Ryman Hospitality Properties during the 2nd quarter worth $32,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ryman Hospitality Properties by 86.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 58,696 shares of the real estate investment trust’s stock worth $4,760,000 after acquiring an additional 27,131 shares during the period. 87.69% of the stock is owned by hedge funds and other institutional investors.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($1.01). Ryman Hospitality Properties had a return on equity of 62.86% and a net margin of 17.14%. The firm had revenue of $379.79 million for the quarter, compared to the consensus estimate of $370.70 million. During the same period in the prior year, the business earned $1.23 EPS. Ryman Hospitality Properties’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, sell-side analysts predict that Ryman Hospitality Properties will post 6.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, December 30th. Ryman Hospitality Properties’s payout ratio is 61.43%.
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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