Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives $128.57 Consensus PT from Analysts

Ryman Hospitality Properties, Inc. (NYSE:RHP) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $128.57.

Several equities analysts have recently commented on the company. BMO Capital Markets began coverage on Ryman Hospitality Properties in a report on Monday, December 9th. They set an “outperform” rating and a $133.00 target price for the company. Jefferies Financial Group assumed coverage on Ryman Hospitality Properties in a research note on Wednesday, November 6th. They set a “buy” rating and a $130.00 price objective for the company. Truist Financial raised their target price on Ryman Hospitality Properties from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, December 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Ryman Hospitality Properties from $124.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, December 9th.

Ryman Hospitality Properties Stock Down 0.8 %

Shares of NYSE RHP opened at $103.94 on Wednesday. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.73 and a current ratio of 1.73. Ryman Hospitality Properties has a 1 year low of $93.76 and a 1 year high of $122.91. The stock’s 50-day simple moving average is $111.41 and its 200-day simple moving average is $106.22. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.86 and a beta of 1.67.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 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 company had revenue of $549.90 million for the quarter, compared to the consensus estimate of $545.93 million. During the same period in the previous year, the business posted $1.73 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Ryman Hospitality Properties will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed 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 represents a $4.60 dividend on an annualized basis and a dividend yield of 4.43%. This is an increase 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 (DPR) is presently 81.71%.

Insider Transactions at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Fazal F. Merchant sold 1,269 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $113.98, for a total value of $144,640.62. Following the completion of the sale, the director now owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHP. Principal Financial Group Inc. grew its holdings in shares of 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 valued at $338,168,000 after buying an additional 931,283 shares during the period. American Century Companies Inc. lifted its holdings in Ryman Hospitality Properties by 0.8% during the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust’s stock worth $158,404,000 after acquiring an additional 12,058 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $156,427,000 after acquiring an additional 12,323 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Ryman Hospitality Properties by 264.2% in 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 acquiring an additional 870,081 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ryman Hospitality Properties by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust’s stock worth $103,413,000 after acquiring an additional 6,289 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.