Ryman Hospitality Properties, Inc. (NYSE:RHP) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts unanimously rate Ryman Hospitality Properties “Buy”: All 13 analysts covering the stock issued buy-equivalent ratings, with an average 12-month price target of $132.33.
• Recent earnings exceeded expectations: Ryman reported quarterly EPS of $1.42 versus the $1.31 consensus estimate and revenue of $748.98 million, up 13.6% year over year.
• The REIT announced a $1.20 quarterly dividend: The payment implies $4.80 in annualized dividends and a 4.0% yield, though the payout ratio is elevated at 117.36%.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been assigned an average recommendation of "Buy" from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $132.3333.

Several analysts recently issued reports on RHP shares. Truist Financial increased their price objective on Ryman Hospitality Properties from $132.00 to $141.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Barclays upped their target price on Ryman Hospitality Properties from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. BMO Capital Markets reiterated an "outperform" rating and set a $137.00 price target on shares of Ryman Hospitality Properties in a report on Friday, June 12th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Ryman Hospitality Properties during the second quarter worth $1,438,737,000. Geode Capital Management LLC lifted its position in shares of Ryman Hospitality Properties by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,588,492 shares of the real estate investment trust's stock worth $150,327,000 after buying an additional 11,591 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of Ryman Hospitality Properties by 12.8% during the 4th quarter. Cooke & Bieler LP now owns 1,251,144 shares of the real estate investment trust's stock worth $118,383,000 after acquiring an additional 142,206 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Ryman Hospitality Properties by 1.7% during the 2nd quarter. Reinhart Partners LLC. now owns 710,878 shares of the real estate investment trust's stock worth $91,386,000 after acquiring an additional 11,766 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ryman Hospitality Properties by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,107 shares of the real estate investment trust's stock valued at $84,251,000 after acquiring an additional 18,614 shares during the last quarter. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $120.58 on Friday. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $7.61 billion, a P/E ratio of 29.48, a P/E/G ratio of 1.84 and a beta of 1.18. The firm has a 50 day simple moving average of $126.52 and a 200 day simple moving average of $114.56. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $137.46.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.11. Ryman Hospitality Properties had a net margin of 9.91% and a return on equity of 34.54%. The firm had revenue of $748.98 million for the quarter, compared to analyst estimates of $734.59 million. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 EPS. Research analysts anticipate that Ryman Hospitality Properties will post 9.21 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Ryman Hospitality Properties's payout ratio is currently 117.36%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc NYSE: RHP is a real estate investment trust focused on owning and operating high-quality, group-oriented lodging and entertainment properties. The company's hospitality portfolio is centered on large convention resorts operating under the Gaylord Hotels brand, which serve business groups, conventions, meetings and leisure travelers.

Ryman's Gaylord properties include resorts in Nashville, Tennessee; Orlando, Florida; the Dallas–Fort Worth area of Texas; National Harbor, Maryland; and the Denver metropolitan area of Colorado.

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