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

Ryman Hospitality Properties, Inc. (NYSE:RHP - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $114.43.

Several brokerages recently issued reports on RHP. Wall Street Zen upgraded shares of Ryman Hospitality Properties from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Wedbush set a $110.00 price objective on shares of Ryman Hospitality Properties and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price objective on shares of Ryman Hospitality Properties from $118.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $127.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Evercore ISI reduced their price objective on shares of Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 28th.

Ryman Hospitality Properties Stock Up 0.5%

Shares of Ryman Hospitality Properties stock traded up $0.47 during trading on Wednesday, hitting $100.58. The company's stock had a trading volume of 628,894 shares, compared to its average volume of 661,884. 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 company has a fifty day simple moving average of $95.55 and a two-hundred day simple moving average of $97.80. The company has a market capitalization of $6.03 billion, a PE ratio of 21.31, a P/E/G ratio of 2.74 and a beta of 1.58. Ryman Hospitality Properties has a 52 week low of $76.27 and a 52 week high of $121.77.

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

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.57%. Ryman Hospitality Properties's dividend payout ratio is currently 97.46%.

Insider Activity

In related news, Chairman Colin V. Reed purchased 8,356 shares of the company's stock in a transaction dated Monday, June 9th. The shares were purchased at an average price of $96.92 per share, with a total value of $809,863.52. Following the acquisition, the chairman now directly owns 870,406 shares in the company, valued at $84,359,749.52. The trade was a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Institutional Trading of Ryman Hospitality Properties

A number of institutional investors have recently made changes to their positions in RHP. Geneos Wealth Management Inc. boosted its holdings in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 209 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at about $31,000. Fifth Third Bancorp boosted its holdings in shares of Ryman Hospitality Properties by 175.6% during the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 367 shares during the last quarter. CWM LLC boosted its holdings in shares of Ryman Hospitality Properties by 213.4% in the first quarter. CWM LLC now owns 724 shares of the real estate investment trust's stock worth $66,000 after buying an additional 493 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ryman Hospitality Properties in the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 94.48% of the company's stock.

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.