Ryman Hospitality Properties (NYSE:RHP) Price Target Raised to $136.00 at Truist Financial

Ryman Hospitality Properties (NYSE:RHP) had its target price raised by Truist Financial from $130.00 to $136.00 in a research report sent to investors on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut their price target on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties has an average rating of “Moderate Buy” and a consensus price target of $126.17.

Ryman Hospitality Properties Trading Down 0.2 %

Shares of NYSE:RHP opened at $111.22 on Monday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. The stock’s 50-day moving average is $108.64 and its 200-day moving average is $104.15. The company has a market cap of $6.66 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.96 and a beta of 1.65. Ryman Hospitality Properties has a 52-week low of $93.76 and a 52-week high of $122.91.

Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period last year, the business earned $1.73 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that Ryman Hospitality Properties will post 8.44 earnings per share for the current year.

Ryman Hospitality Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.14%. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is 78.15%.

Insiders Place Their Bets

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares in the company, valued at approximately $337,843.36. The trade was a 22.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Fazal F. Merchant sold 1,269 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the transaction, the director now directly owns 4,825 shares in the company, valued at $549,953.50. The trade was a 20.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Ryman Hospitality Properties

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Ryman Hospitality Properties by 34.6% in the third quarter. GAMMA Investing LLC now owns 401 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 103 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Ryman Hospitality Properties by 44.9% in the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 137 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Ryman Hospitality Properties by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,256 shares of the real estate investment trust’s stock worth $3,829,000 after acquiring an additional 138 shares during the last quarter. Xponance Inc. grew its stake in shares of Ryman Hospitality Properties by 4.6% during the second quarter. Xponance Inc. now owns 3,714 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 162 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Ryman Hospitality Properties by 4.2% in the third quarter. Captrust Financial Advisors now owns 5,283 shares of the real estate investment trust’s stock valued at $567,000 after purchasing an additional 213 shares in 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 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.