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

Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) have been given an average recommendation of "Buy" by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $114.43.

Several brokerages recently weighed in on RHP. JPMorgan Chase & Co. began coverage on Ryman Hospitality Properties in a report on Monday. They issued an "overweight" rating and a $117.00 price objective for the company. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen raised Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Evercore ISI lowered their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Jefferies Financial Group lowered their price objective on Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, April 9th.

Insider Activity

In other news, Director Alvin L. Bowles, Jr. sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director now directly owns 2,576 shares in the company, valued at approximately $255,049.76. The trade was a 33.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Colin V. Reed bought 8,356 shares of the business's stock in a transaction on Monday, June 9th. The stock was purchased at an average price of $96.92 per share, with a total value of $809,863.52. Following the completion of the transaction, the chairman now directly owns 870,406 shares of the company's stock, valued at $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RHP. Vanguard Group Inc. raised its stake in Ryman Hospitality Properties by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 8,899,258 shares of the real estate investment trust's stock valued at $813,748,000 after purchasing an additional 603,936 shares during the period. Principal Financial Group Inc. raised its stake in Ryman Hospitality Properties by 6.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,462,112 shares of the real estate investment trust's stock valued at $316,576,000 after purchasing an additional 207,419 shares during the period. JPMorgan Chase & Co. raised its stake in Ryman Hospitality Properties by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,439,719 shares of the real estate investment trust's stock valued at $150,220,000 after purchasing an additional 138,771 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ryman Hospitality Properties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 991,048 shares of the real estate investment trust's stock valued at $90,621,000 after purchasing an additional 11,872 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in Ryman Hospitality Properties by 0.6% during the 4th quarter. Nuveen Asset Management LLC now owns 936,712 shares of the real estate investment trust's stock valued at $97,737,000 after purchasing an additional 5,807 shares during the period. Institutional investors own 94.48% of the company's stock.

Ryman Hospitality Properties Stock Down 0.5%

Shares of NYSE RHP opened at $100.39 on Wednesday. Ryman Hospitality Properties has a 1 year low of $76.27 and a 1 year high of $121.77. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.75 and a beta of 1.58. The company has a debt-to-equity ratio of 5.92, a quick ratio of 1.55 and a current ratio of 1.55. The stock's 50-day simple moving average is $94.67 and its 200-day simple moving average is $98.17.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.29. Ryman Hospitality Properties had a return on equity of 51.95% and a net margin of 12.16%. The business had revenue of $587.28 million for the quarter, compared to analyst estimates of $546.52 million. During the same period in the previous year, the company earned $1.60 earnings per share. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Monday, June 30th. Ryman Hospitality Properties's dividend payout ratio (DPR) is presently 97.46%.

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.

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