Ryman Hospitality Properties, Inc. (RHP) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are broadly bullish: 14 analysts give Ryman Hospitality Properties a consensus “Buy” rating, with an average 12-month price target of $135.25.
• Quarterly results were mixed: Ryman reported EPS of $0.58, below the $1.62 consensus estimate, while revenue rose 10.7% year over year to $655.8 million and topped expectations.
• The company paid a quarterly dividend of $1.20 per share, equivalent to a 3.6% annualized yield; institutional investors own 94.48% of its shares.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has received a consensus recommendation of "Buy" from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $135.25.

RHP has been the subject of several research reports. Evercore cut shares of Ryman Hospitality Properties from an "outperform" rating to an "in-line" rating and set a $140.00 price objective for the company. in a report on Monday, October 26th. Citigroup lifted their price target on Ryman Hospitality Properties from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, September 9th. Cantor Fitzgerald increased their price objective on shares of Ryman Hospitality Properties from $124.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $145.00 price objective on shares of Ryman Hospitality Properties in a research note on Wednesday, August 12th. Finally, Barclays lowered their price target on Ryman Hospitality Properties from $147.00 to $143.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th.

Ryman Hospitality Properties Price Performance

Shares of RHP opened at $131.95 on Friday. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.03 and a beta of 1.23. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. The firm's fifty day simple moving average is $125.23 and its 200-day simple moving average is $114.47. Ryman Hospitality Properties has a twelve month low of $89.60 and a twelve month high of $137.46.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.04). Ryman Hospitality Properties had a net margin of 9.88% and a return on equity of 35.38%. The business had revenue of $655.80 million for the quarter, compared to the consensus estimate of $646.13 million. During the same quarter last year, the business posted $1.63 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts forecast that Ryman Hospitality Properties will post 9.31 EPS for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 115.94%.

Hedge Funds Weigh In On Ryman Hospitality Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Ryman Hospitality Properties in the second quarter worth $1,438,737,000. Bank of New York Mellon Corp purchased a new position in Ryman Hospitality Properties in the second quarter worth about $78,347,000. Bruni J V & Co. Co. purchased a new position in Ryman Hospitality Properties in the second quarter valued at about $65,555,872. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Ryman Hospitality Properties during the second quarter worth about $60,655,000. Finally, Legal & General Group Plc acquired a new position in shares of Ryman Hospitality Properties during the 2nd quarter valued at about $52,107,000. 94.48% of the stock is owned by institutional investors.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman's portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.