Ryman Hospitality Properties’ (RHP) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial restated their buy rating on shares of Ryman Hospitality Properties (NYSE:RHP) in a report released on Tuesday,Benzinga reports. They currently have a $133.00 price target on the real estate investment trust’s stock, down from their prior price target of $136.00.

Several other brokerages have also recently issued reports on RHP. Jefferies Financial Group started coverage on shares of 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. StockNews.com lowered Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $100.00 price target on shares of Ryman Hospitality Properties in a report on Friday, December 13th. BMO Capital Markets initiated coverage on 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. Finally, Wells Fargo & Company cut their target price on Ryman Hospitality Properties from $130.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $125.67.

Ryman Hospitality Properties Stock Performance

NYSE RHP opened at $97.14 on Tuesday. The company has a debt-to-equity ratio of 6.07, a current ratio of 1.73 and a quick ratio of 1.73. Ryman Hospitality Properties has a 1-year low of $93.76 and a 1-year high of $121.77. The company has a market cap of $5.82 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The stock’s 50 day simple moving average is $104.00 and its 200-day simple moving average is $107.03.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.94. Ryman Hospitality Properties had a return on equity of 49.23% and a net margin of 11.61%. The company had revenue of $647.63 million for the quarter, compared to analyst estimates of $656.01 million. As a group, equities research analysts anticipate that Ryman Hospitality Properties will post 8.81 EPS for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $4.60 annualized dividend and a yield of 4.74%. Ryman Hospitality Properties’s payout ratio is 104.78%.

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 the business. Quarry LP acquired a new stake in shares of Ryman Hospitality Properties during the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in Ryman Hospitality Properties during the fourth quarter worth about $31,000. Avior Wealth Management LLC boosted its stake in Ryman Hospitality Properties by 44.9% during the third quarter. Avior Wealth Management LLC now owns 442 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 137 shares during the period. Farther Finance Advisors LLC increased its position in shares of Ryman Hospitality Properties by 79.9% during the third quarter. Farther Finance Advisors LLC now owns 491 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 218 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Ryman Hospitality Properties by 183.1% in the 3rd quarter. Blue Trust Inc. now owns 685 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 443 shares during the period. Hedge funds and other 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.