Ryman Hospitality Properties (NYSE:RHP) Receives Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Ryman Hospitality Properties (NYSE:RHP) in a report released on Friday morning, Marketbeat reports. They currently have a $100.00 price objective on the real estate investment trust’s stock.

A number of other analysts have also recently commented on RHP. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They set a “buy” rating and a $130.00 target price on the stock. BMO Capital Markets started coverage on shares of Ryman Hospitality Properties in a research note on Monday, December 9th. They set an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Truist Financial lifted their target price on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.57.

Ryman Hospitality Properties Trading Down 2.1 %

Shares of RHP opened at $113.24 on Friday. Ryman Hospitality Properties has a 1-year low of $93.76 and a 1-year high of $122.91. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.95 and a beta of 1.65. The firm’s 50-day moving average price is $112.64 and its 200-day moving average price is $105.68. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.94% and a net margin of 14.84%. The firm had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same period in the prior year, the company posted $1.73 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Ryman Hospitality Properties will post 8.44 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This is a boost from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.06%. Ryman Hospitality Properties’s dividend payout ratio is presently 78.15%.

Insider Activity at Ryman Hospitality Properties

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

Hedge Funds Weigh In On Ryman Hospitality Properties

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Ryman Hospitality Properties by 41.9% in the 3rd quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust’s stock worth $338,168,000 after purchasing an additional 931,283 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock valued at $158,404,000 after purchasing an additional 12,058 shares in the last quarter. Geode Capital Management LLC increased its position in Ryman Hospitality Properties by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,458,389 shares of the real estate investment trust’s stock worth $156,427,000 after purchasing an additional 12,323 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust’s stock valued at $119,771,000 after purchasing an additional 870,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after buying an additional 6,289 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

Ryman Hospitality Properties Company Profile

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.