Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Average Rating of “Moderate Buy” by Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $126.17.

Several research firms have commented on RHP. Wells Fargo & Company lowered their target price on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group began coverage on Ryman Hospitality Properties in a research report on Wednesday, November 6th. They issued a “buy” rating and a $130.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday.

Insider Activity at Ryman Hospitality Properties

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Janney Montgomery Scott LLC acquired a new position in shares of Ryman Hospitality Properties during the 1st quarter worth $215,000. SG Americas Securities LLC increased its stake in Ryman Hospitality Properties by 106.7% in the first quarter. SG Americas Securities LLC now owns 3,609 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 1,863 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Ryman Hospitality Properties by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 466,002 shares of the real estate investment trust’s stock worth $53,874,000 after buying an additional 31,082 shares during the period. ProShare Advisors LLC raised its position in shares of Ryman Hospitality Properties by 8.5% during the first quarter. ProShare Advisors LLC now owns 10,494 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 826 shares during the period. Finally, SageView Advisory Group LLC lifted its stake in shares of Ryman Hospitality Properties by 203.2% in the first quarter. SageView Advisory Group LLC now owns 11,523 shares of the real estate investment trust’s stock valued at $1,332,000 after buying an additional 7,723 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Price Performance

Shares of NYSE RHP opened at $111.22 on Tuesday. Ryman Hospitality Properties has a fifty-two week low of $93.76 and a fifty-two week high of $122.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 6.07. The firm has a market cap of $6.66 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.65. The business has a 50 day moving average price of $108.64 and a two-hundred day moving average price of $104.15.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly 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 return on equity of 61.94% and a net margin of 14.84%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Ryman Hospitality Properties will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This is a positive change from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s payout ratio is presently 78.15%.

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.