Ryman Hospitality Properties, Inc. (NYSE:RHP) Receives Average Rating of "Buy" from Analysts

Key Points

• Ryman Hospitality Properties, Inc. has received an average recommendation of "Buy" from nine analysts, with a one-year target price of $114.67.
• Insider transactions revealed Director H Eric Bolton, Jr. purchased 2,000 shares at $95.33 each, increasing his position significantly.
• The company recently declared a quarterly dividend of $1.15 per share, with an annualized yield of 5.1% for shareholders.

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been assigned an average recommendation of "Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $114.6667.

Several equities analysts have recently commented on RHP shares. Wells Fargo & Company upped their target price on Ryman Hospitality Properties from $108.00 to $114.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Bank of America increased their price target on Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. started coverage on Ryman Hospitality Properties in a research report on Monday, June 23rd. They set an "overweight" rating and a $117.00 price target on the stock. Cantor Fitzgerald started coverage on Ryman Hospitality Properties in a research report on Wednesday. They set an "overweight" rating and a $108.00 price target on the stock. Finally, Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research report on Friday, September 26th.

Insider Transactions at Ryman Hospitality Properties

In related news, Director H Eric Bolton, Jr. purchased 2,000 shares of Ryman Hospitality Properties stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $95.33 per share, with a total value of $190,660.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company's stock, valued at $190,660. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ryman Hospitality Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHP. GAMMA Investing LLC lifted its stake in Ryman Hospitality Properties by 10,042.9% during the first quarter. GAMMA Investing LLC now owns 48,280 shares of the real estate investment trust's stock worth $4,415,000 after purchasing an additional 47,804 shares during the last quarter. Rhumbline Advisers lifted its stake in Ryman Hospitality Properties by 78.6% during the first quarter. Rhumbline Advisers now owns 168,231 shares of the real estate investment trust's stock worth $15,383,000 after purchasing an additional 74,032 shares during the last quarter. Reinhart Partners LLC. lifted its stake in Ryman Hospitality Properties by 58.5% during the first quarter. Reinhart Partners LLC. now owns 437,273 shares of the real estate investment trust's stock worth $39,984,000 after purchasing an additional 161,385 shares during the last quarter. Greystone Financial Group LLC lifted its stake in Ryman Hospitality Properties by 17.6% during the first quarter. Greystone Financial Group LLC now owns 7,772 shares of the real estate investment trust's stock worth $711,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Ryman Hospitality Properties by 17.9% during the first quarter. Harbor Capital Advisors Inc. now owns 59,102 shares of the real estate investment trust's stock worth $5,404,000 after purchasing an additional 8,958 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors.

Ryman Hospitality Properties Price Performance

Ryman Hospitality Properties stock opened at $90.26 on Friday. Ryman Hospitality Properties has a 12 month low of $76.27 and a 12 month high of $121.77. The stock's 50 day moving average is $96.20 and its 200-day moving average is $95.35. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.61 and a beta of 1.57.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 EPS for the quarter, beating the consensus estimate of $2.31 by $0.04. Ryman Hospitality Properties had a return on equity of 41.65% and a net margin of 10.74%.The company had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Ryman Hospitality Properties has set its FY 2025 guidance at 7.930-8.490 EPS. Equities research analysts expect that Ryman Hospitality Properties will post 8.81 EPS for the current year.

Ryman Hospitality Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 5.1%. Ryman Hospitality Properties's dividend payout ratio is currently 109.79%.

Ryman Hospitality Properties Company Profile

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.

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