Ryman Hospitality Properties, Inc. (NYSE:RHP) Stock Has Average Target Price of $132.75

Key Points

• Analysts remain bullish: All 13 covering brokerages rate Ryman Hospitality Properties a “Buy,” with an average 12-month price target of $132.75 versus the stock’s $122.46 price.
• Quarterly results exceeded expectations: Ryman reported EPS of $1.42, beating estimates by $0.11, while revenue increased 13.6% year over year to $748.98 million.
• Shareholders receive a dividend: The company declared a quarterly dividend of $1.20, or $4.80 annualized, representing a 3.9% yield; institutional investors own 94.48% of the stock.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been given a consensus recommendation of "Buy" by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $132.75.

RHP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Ryman Hospitality Properties from $113.00 to $129.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Wells Fargo & Company increased their price target on shares of Ryman Hospitality Properties from $126.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $145.00 price target on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Raymond James Financial raised their price target on shares of Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Monday, September 28th. Finally, Weiss Ratings raised shares of Ryman Hospitality Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th.

Institutional Investors Weigh In On Ryman Hospitality Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in Ryman Hospitality Properties by 437.0% in the first quarter. International Assets Investment Management LLC now owns 290 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 236 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Ryman Hospitality Properties during the second quarter valued at about $43,000. Trust Co. of Vermont acquired a new stake in shares of Ryman Hospitality Properties during the second quarter valued at about $51,000. Fifth Third Bancorp increased its position in shares of Ryman Hospitality Properties by 34.2% during the first quarter. Fifth Third Bancorp now owns 860 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 219 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Ryman Hospitality Properties by 20.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 875 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Up 1.8%

NYSE RHP opened at $122.46 on Tuesday. Ryman Hospitality Properties has a 52 week low of $83.82 and a 52 week high of $137.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.02. The business's fifty day simple moving average is $123.56 and its 200-day simple moving average is $117.81. The firm has a market cap of $7.73 billion, a PE ratio of 29.94, a P/E/G ratio of 1.84 and a beta of 1.22.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $734.59 million. During the same quarter in the prior year, the firm posted $2.35 earnings per share. Ryman Hospitality Properties's quarterly revenue was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Ryman Hospitality Properties will post 9.23 earnings per share for the current year.

Ryman Hospitality Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, September 30th. Ryman Hospitality Properties's dividend payout ratio is presently 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 lodging and entertainment assets. The company's portfolio is centered on large-scale convention center resorts that serve group, business and leisure travelers, with properties designed to combine accommodations, meeting space, dining, retail and entertainment.

Ryman's flagship hospitality portfolio operates under the Gaylord Hotels brand and includes destination resorts in markets such as Nashville, Tennessee; Orlando, Florida; the Dallas-Fort Worth area; the Washington, DC, area; and the Denver area.

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